Only a wishful fantasy a hundred years ago, the modern airline can now boast being one of the largest corporate industries around the world. Spurred on by massive competition between the big three jet manufacturers Lockheed, McDonnell Douglas, and Boeing the 20th century has given birth to this most technologically advanced industry.
However, these three corporate giants, located on the West Coast of the United States, have met with stiff competition from specialized companies in Europe, such as Airbus Industrie. Airline manufacturers in Brazil, Australia, Canada and other parts of Europe have also increased the standards that are expected of a modern airline.
Airlines surged ahead with massive expansion and vigorous growth after the World War II. Then came the world-wide recession during the early 1980s, forcing the airlines to engage in unique new patterns to woo new customers onto their flights and keep the old ones. Bankruptcies and mergers to avoid bankruptcy became common fears on the stock markets. This resulted in the aircraft manufacturers sinking fast and needing to make sharp reductions in production. The flying customer became like almighty God to...