I speak, of course, of the news last week that AIG is buying $9 billion worth of planes from Boeing
In the process, it boosted Airbus past Boeing in the annual race to sell "the most planes," into a global market expected to be worth $4.7 trillion over the next 20 years. According to reports, high oil prices tipped the scales in Airbus' favor. While Boeing dithers over whether to revamp its uber-successful Boeing 737 design, Airbus has come out with a fuel-efficient "A320neo" featuring new engines offering improved fuel efficiency and cheaper maintenance cost.
It's not all bad news for America, though -- or even for Boeing. On the one hand, United Technologies