Business Wars Boeing vs Airbus - Cleared for Takeoff | 2
Jan 8, 2020
In 1970, Boeing's ambitious 747 soars into the skies, but not without a costly battle for survival. Financial chaos looms as they funnel $800 million into its development, all while facing intense pressure from the competition. Meanwhile, Airbus emerges across the Atlantic, attempting to navigate the tricky waters of airplane sales. Discover the hurdles Airbus confronts as they strive to carve out their place in a Boeing-dominated market, including a groundbreaking deal that could change everything.
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Boeing 747's Rocky Start
- Boeing's 747, the largest passenger aircraft ever, faced challenges during its development and launch.
- Test pilot Ralph Coakley crashed a 747 during landing, damaging the aircraft weeks before its first commercial flight.
747's Inaugural Flight
- The 747's first passenger flight from New York to London experienced an engine overheat, causing a delayed takeoff.
- Despite the initial setback, a second 747 successfully completed the flight, marking a milestone for air travel.
Boeing's Economic Impact on Seattle
- Boeing CEO Thornton Wilson faced criticism and public backlash due to layoffs resulting from the 747's financial strain.
- A billboard in Seattle taunted Wilson, reflecting the city's economic struggles due to Boeing's job cuts.