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Why Airbus And Boeing Dominate The Sky

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Airbus and Boeing dominate an already under competitive airline manufacturing industry. The duopoly owns the sky by making up 99% of global large aircraft orders and those large plane orders make up more than 90% of the total plane market according to the Teal Group, an aerospace market analysis company (regional jet manufacturers only account for 7% of the airplane market by value). The duopoly doesn’t have many competitors, but overseas competition is brewing. China’s state-run company, COMAC, is poised to make waves in the aviation manufacturing industry, but some say not for a couple decades. This is how Airbus and Boeing took over airplane manufacturing. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Airbus #Boeing Why Airbus And Boeing Dominate The Sky
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Text Comments (1400)
RM (7 days ago)
Anybody thinks this video focuses too much on supersonic air travel, which seems like something that will only be affordable to a few lucky ones anyway?
señor yeet (9 days ago)
Olajuwon Uthman farouq (11 days ago)
Prepare for mine😉. A new brand, a new future.
Nurul Ansari (12 days ago)
I hope Airbus have monopoly in aviation
Brody Nguyen (14 days ago)
Says it between boing and airbus AND THEY SHOW AIRBUSES AND BOING PLANES like WhAt
marcel J (14 days ago)
People are not flying anymore they are now taking the train. And by the way the middle class has disappeared.
no go away (19 days ago)
Me: jumps Also me: b o e I n g
Adam O (23 days ago)
Seven, Seven, Seven... 😔
J. Griff Griffin (26 days ago)
And then there is automation. Ever had your cable/satellite TV never stop working or receiving the signal? Would you like to be on a pilotless airplane that no longer receives input?
J. Griff Griffin (26 days ago)
While I was flying for a major airline, two pilots died in the cockpit. Do you think one pilot is enough if you're on that plane?
WinSton Lau (28 days ago)
The worst worst worst CNBC video so far....
Sophia Marie (29 days ago)
Not the same world in 2019
Sophia Marie (29 days ago)
Not the same world
Sophia Marie (29 days ago)
Not in Tempe Arizona! 😜 BTW don't look up Mr. hands
Drone (1 month ago)
3:50 way to state the obvious lol
kuka musa (1 month ago)
Safety comes with a hefty price.....BOING LEFT THE CHAT
han solo (1 month ago)
the bombardier deal actually help canadians
Sigma Geranimo (1 month ago)
Rule my ass, spreading toxic fuel all over air we breath. amd for fanatic turn them into cruise missle.
Harshit Madan (1 month ago)
Government regulations ruin everything.
Faris Latif (1 month ago)
That eagle just chilling there when the plane lending LOL
ThePostal67 (1 month ago)
Right? And what of the failures? https://www.youtube.com/watch?v=YrGxHngT-Y8&vl=en
StraightHugo (1 month ago)
China has already made its own passenger plane, just waiting for certification. Boring and Bus will lose Asia.
BattlestarZenobia (1 month ago)
Airbus could just build the B type Concorde if they wanted, but it’s still massively expensive
Ujjawal Madan (1 month ago)
5:32 well regulated industry my ass....
Fun Cat (1 month ago)
these corporations are using up our atmosphere killing it to line their pockets… When the supersonic aircraft come flying so much higher the damage will be devastating. Large companies keep screwing our planet to line their pockets with cash and we the sheep keep following them. So who's to blame? If you give a gun to a chimpanzee and it shoots someone is the person responsible or the chimpanzee… Wake up people
Zheng Zhang (1 month ago)
The reason why China builds its large airplanes from only made-in-China components is that China doesn't wanna 'get choked by foreign component suppliers. Think about semicondutor chips dude. Naive commentator.
Plot Armor Goku (1 month ago)
bluefisshh (1 month ago)
Maybe because they have bigger investors and probably have secret deals. Even if you have commercial aircraft manufacturing technology just like Canada (Bombardier) or Brasil (Embraer) you still have to waste lots of effort for market market penetration.
Erik Buiten (2 months ago)
“Safety comes with a hefty price tag” well, looks like Boeing shopped during the sale... #mcas
Christopher Rod (2 months ago)
How could Brazil allow that monopolh transaction?
Erna Wati (2 months ago)
ASIT CICI (2 months ago)
Make flying cars
Zachray John Ninan (2 months ago)
What a change in the scene in one year, the Boeing 777X is grounded everywhere in the world and the sales have been at such a decline this year and the stock prices are worser than the S&P
MrBiggs8511 (2 months ago)
I’m Boeing all day
Michael Hrisca (2 months ago)
I want to fly on a Tesla airplane.
SlipknotMFKR (2 months ago)
Wendover Productions is mad
smartest gaming (2 months ago)
Shootout to my hometown, wpic 12:48 Its not that often anymore but i always thought those booms where somekind of loud accident
Shubham Pawar (2 months ago)
You would not have competition if you buy your competition.
acter Heli (2 months ago)
What about rewriting the video's title?
butter (2 months ago)
boeing seven seven seven
Alfredo Alcantar (2 months ago)
When invited teleportation goodbye 👋 ✈️ be there in 20 seconds
Alfredo Alcantar (2 months ago)
They are still expensive and they don’t want 🚅 bullet
pbilk1 (2 months ago)
So Bombardier sold their plane to Airbus... Ugh...
Byaheko TV (2 months ago)
B K Lau (2 months ago)
Competition? The American way is to bully others ...
Ethan K (2 months ago)
Why not sell it to feed the poor children
Ethan K (2 months ago)
This is like ford and Tesla?
Taran Singh (2 months ago)
In schools teacher teaches students how laws are made . In segmenta any citizen can write bill and state rep or Senate introduce it then voting and if passed becomes law. Bulshit education they need to start teaching laws are made based on how much money business not citizens spent on lobbyist
Rudie Obias (3 months ago)
Airbus > Boeing
DJ DA VINCI (3 months ago)
The Chinese are coming and will take over the skies.
vignesh goud (3 months ago)
you are fogoting atr company
Adrián Quialv (3 months ago)
Boeing ❤️
White Wolf (9 hours ago)
cell pat (3 months ago)
For supersonic flight, the need of a "quiet boom" is the only thing holding it back. As for China and other competitors, they will have to come up with something original in order to open the door into the aircraft market. Airbus did it by bringing us the twinjet. And Boeing did it by bringing us the first large commercial jetliners.
Gowtham V (3 months ago)
In 5 years ELON MUSK Comes into the Airline Industry with people from SpaceX and Tesla Team to create a new company to streamline and vertically integrate and manufacture supersonic Electric plane at half the cost of boeing or airbus and take over the airline industry sales and make it environmentally friendly.
Baseshocks (3 months ago)
Because they both got heavy government funding over decades then Boeing goes off crying when Bombardier creates a superior product the CS-300 with light government funding cause they fear they will make a larger version of it.
Alex Daniel (3 months ago)
Nothing on ecology and environment. The concord failed simply because of insane gas prices. I find it difficult to believe this won't be the problem of super sonic flight in the future.
Rejin Raj (3 months ago)
Horrible commentary..
Ashik Jonathan (3 months ago)
0:42 what airport is this?
Imperial Dynamics (3 months ago)
Airbus is better
Musique61414 (3 months ago)
Because of Trump, Airbus got stronger. Bombardier partnered with Airbus after Boeing complained that Bombardier were getting subsidized by the Canadian government, even though Boeing got their own subsidies. So Trump did an idiot knee jerk and levied heavy tariffs on them. Now , Airbus has the RJ market they didn't have before. And Boeing? KARMA, with the 737 Max.
Axeno (3 months ago)
CNBC lady: ...the “seven seven seven” x Me and all aviation fans: *cries in aviation* It’s pronounced *TRIPLE SEVEN* you guys don’t know anything about Aviation just leave it to Wendover .
Tiago Miranda (3 months ago)
Fun fact: The Aérospatiale-BAC Concorde had technology and features that were transferred to Airbus airplanes, and the Concorde eventually became technically supported by Airbus, as Aérospatiale became a stakeholder, and later part, of Airbus. In fact, the French Concordes and the A300 were both built/assembled in Toulouse, home of Sud Aviation, one of the predecessors of Aérospatiale and Airbus.
Blue Jade (3 months ago)
I miss A380 😭😭😭😭😭😭
Bing Bong Your Opinion is Wrong (3 months ago)
5:06 ThE BoEiNg SeVeN SeVeN SeVeN
kneelo38 (3 months ago)
Who cares who rules the sky , I’m an airbus fan and I just want to get from point A to point B safe and unharmed
Island Fusion (3 months ago)
Wendover: *imma about to end this guys whole carrer*
syxepop (3 months ago)
Sherry Marshall, common sense, milady... common sense
Island Fusion (3 months ago)
@syxepop yes, true
syxepop (3 months ago)
Sherry Marshall, maybe these CNBC people has The Peackock's (Comcast's) resources, but still SAM KNOWS WHAT HE'S DOING and would DO IT BETTER ON A MUCH SMALLER BUDGET.
Nico Tafur Giargia (3 months ago)
Poor embraer jajaja !
Random Pyro (3 months ago)
De Havilland Comet: Am I a joke to you?
syxepop (3 months ago)
Airbus: Oui!
Ryan Roberts (3 months ago)
2:43 "they drew up plans for a short hall European airbus" *shows drawn up plans of boeing 747*
IBEJI BENSON (3 months ago)
Boom airways we go Boooooom 💥 in the air 😂😂
Alpha_ALT (3 months ago)
*Boeing 737 max's are grounded* Airbus: Yes
syxepop (3 months ago)
Airbus: A round of 321's "on the house"...
Abdulla Bin Talib (3 months ago)
Boeing is currently working on a new series of airplanes named the 7 7 7 X..... IT'S CALLED THE 7 TRIPLE 7!!!!!!!!!!
Manuel Luis Pereira (3 months ago)
Boeing buys every competitor to their monopoly.
Day R (3 months ago)
Monopolies should be dissolved. That is the law. People spin companies like these as heroes, but remember why Bombardier, a smaller business, failed: A monopoly bought them out. The government even tried to help the monopoly. Is this fair to smaller business?
Kate Tremaine (3 months ago)
The airplane at 1:17-1:20 is not a Boeing airplane; it's a B-18 Bolo, manufactured by rival Douglas Airplane Company and based on Douglas' then-successful DC-2 civilian airliner.
POTATO (3 months ago)
Why do you need supersonic planes? I like being onboard :(
Rob Fraser (3 months ago)
The 707 didn't pave the way, the Comet paved the way. Grrr!
supersix Jones (3 months ago)
@kenjryker Try again. Boeing introduced the worlds first pressurized airliner in 1938, the 307 stratoliner. Boeing pioneered the NOW STANDARD configuration of swept wing pod mounted engines with the B-47 at a time when Dehavilland was still using wood in their air frame construction in the late 1940s and then again with the B-52 . They did'nt need to "stand on the shoulders of the British" as you put it. The 707 and Comet share absolutely nothing. The Comet was the first commercial jetliner, but the 707 was the first SUCCESSFUL commercial jetliner. DH did it first, but Boeing did it right.
kenjryker (3 months ago)
@iWannadie Boeing took all the lessons of Comet and stood on the shoulders of the British.
iWannadie (3 months ago)
But the Comet basically failed
Geekster (3 months ago)
another thing china is doing wrong is making regional jets. In china, you can take a very cheap high speed train ticket. What they should be doing is making international jets.
Rob Fraser (3 months ago)
They would not have a lot of customers, Russia (who already have Tupolev) and then any Sino-Rus aligned states such as Iran, Pakistan and North Korea, maybe a few South American and African nations would be open to a Chinese jumbo jet but the prospect of the US suddenly dumping sanctions on China one day would leave those countries with aircraft they can't buy spare parts for. It's the same reason you don't see a lot of Russian products on the market - if you aren't good friends with the US then your goods are considered tainted. It saddens me that we have so many "international" institutions like the UN but at the end of the day the way the world works is "Do what America tells you to do or you can't be anyone else's friend!"
5674 inCincy (3 months ago)
I finally flew on an A320 this year. The ride was smoother, gentler, and landing/takeoff a breeze compared to clunky 737
Airbus A340-600 (2 months ago)
5674 inCincy but the A320 alone is less safe than a NG737
Ruairi Blayney (3 months ago)
Jeez did Lockheed Martin not already learn about commercial jets already guys Lockheed’s gonna fail just like they did with the l-1011
J M (4 months ago)
However dominating Boeing is, I am NOT going to buy and loose money on Boeing stock again.
fyrnox (4 months ago)
2:29 Error: there was no "Germany". It was West Germany, plus the picture is wrong.
OYacoubi (4 months ago)
I actually flew in a casena...
Francois Rossouw (4 months ago)
this video did not age well
granskare (4 months ago)
I have seen that Airbus has changed the side sticks to include the pilot knowledge of the copilot side stick settings.
ABU AZOOZ (4 months ago)
And Americans complain about OPEC!
Ashwin Rohit (4 months ago)
What if both owned the manufacturing and the airlines company *Vertical Integration* : 100
Ball4life (4 months ago)
It’s pronounced triple 7 x
CodeByNight (4 months ago)
Nowadays Boeing is a trailer park company compared to Airbus.
111 9 (4 months ago)
I love u for this documentary video
Elliot Rose (4 months ago)
Why can’t the narrator pronounce the T in Lockheed Martin
Bossman Leo (5 months ago)
Well boeing cuts cost to put people life in danger like the 737 max boeing disgracefull
Airbus A340-600 (2 months ago)
Bossman Leo nope by saying they cut costs your talking about all the planes not a specific Especially when you put like the MAX the word like means that there’s others
Bossman Leo (2 months ago)
@Airbus A340-600 we ain't talking about the 777 or the 717 are we know cough cough
Airbus A340-600 (2 months ago)
Bossman Leo cough cough 777 and 717 20 years no casualties cough cough
OverlandTT (5 months ago)
Western companies should simply not use Chinese parts if they don't want their intellectual property to be ripped off. Do business elsewhere - if China want investment - they'd drop we want all your secrets policy. If all the companies did this China would be back in the dark ages of making rubbish plastic toys for kids.
Matthew Xia (5 months ago)
I got an airbus ad before this video and thought it was part of the video
Andri Adipura (5 months ago)
Fake news! Boeing have been used for military purpose since 1770's!
Andri Adipura (3 months ago)
@Bing Bong Your Opinion is Wrong it's not, according to our Great Supreme Leader. https://youtu.be/3pTirPV4Onw
Bing Bong Your Opinion is Wrong (3 months ago)
The 1770s? It literally said that Boeing was founded in 1916 at the beginning of the video.
Rithvik Gujjula (5 months ago)
4:23 sees a 747 in an "All Airbus Fleet"
Gaurav Kumar Nilay (5 months ago)
Airbus is far better than Boeing
Jumbomuffin13 (5 months ago)
Airbus is highly innovative in technology..
coloow abdul aziiz (5 months ago)
The contradictions of greedy corporations claiming on one hand that,other companies in other countries are taking subsidies from their governments while they,themselves take not only subsidies from their own countries but also lobby to boycott competition and inspections etc.
HostilePancakes, the One and Only (5 months ago)
You left out the fact that the 707 was NOT the first commercial jet plane. That title goes to the De Havilland Comet developed by the British. In fact, Boeing and Douglas executives privately admitted that the mistakes made by De Havilland helped Boeing and Douglas avoid making those same mistakes in the development of the 707 and DC-8 respectively.