AIRBUS MAY NEED 15 YEARS TO CATCH UP WITH BOEING.....Boo hoo, but not to worry, the Socialist fucks will stay in business even though they're basically out of business.

PARIS, Oct 5, 2006 (AFP) - European plane-maker Airbus said Thursday it may need 15 years to catch up with and overtake US rival Boeing, while the co-chief executive at parent company EADS said plans for the new mid-size A350 jet might have to be scrapped.

"This is such a long-term business," Airbus chief executive Christian Streiff told the Financial Times after EADS announced further production delays to the development of the A380 superjumbo, a key component in the competition with Boeing, as well as the prospect of heavy losses.

"We must catch up. In 15 years I hope we are ahead of Boeing again." Streiff said another high-profile Airbus venture, the A400M military transport plane, was also under pressure.

"The timetable is exactly on the edge. It is a tense situation with a number of suppliers internally. We are exactly on track but without any reserves."

The co-chief executive of EADS, Thomas Enders, meanwhile told the Financial Times Deutschland that the future of the planned A350 XWB extra-wide bodied passenger jet could be in question.

This is a major business win for both Boeing and the U.S. But make no mistake, when government owned companies compete with private companies the private companies will eventually lose. This is because of the political impossibility of closing plants that are "employing" hundreds of thousands of people in the socialist countries. Losing money? Not us.......