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Aircraft Finance by Bijan Vasigh

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The Globalization and Evolution of the Commercial Aircraft Industry

With a short dash down the runway, the machine lifted into the air and was flying. It was only a flight of twelve seconds, and it was an uncertain, wavy, creeping sort of flight at best; but it was a real flight at last and not a glide.

—Orville Wright, on the first flight of a heavier-than-air aircraft

In the aircraft business, as in a Trollope novel, things are often not what they seem. In the 1980s, Boeing still reigned supreme. Its airplanes covered the market. Its product support was exemplary. Boeing was universally judged one of America’s best and most admired companies, ...

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