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Sure, but due to its nature the aircraft industry for commerical planes isn't really a free market. Obviously, Boeing and Airbus represent a duopoly. When you
by dotBen 3y ago
Sure, but due to its nature the aircraft industry for commerical planes isn't really a free market.
Obviously, Boeing and Airbus represent a duopoly. When you factor in one of them is US-based and is relied upon to deliver on certain national security projects, defense etc no politician is going to let the commercial arm fail and risk the national security arm failing too.
Also there is a lag in the system around failure. The market could decide that Boeing planes are poorly constructed, but how many accidents and deaths would have to happen in order for customer (airlines) to decide to no longer put in orders. That's not really feasible.
"Too big to fail"