Airbus Industrie was formally established as a Groupement d'Intérêt Économique (Economic Interest Group or GIE) on 18 December 1970. It had been formed by a government initiative between France, West Germany and the UK that originated in 1967.
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In 2019, Airbus displaced Boeing as the largest aerospace company by revenue due to the Boeing 737 MAX groundings, pulling in revenues of US$78.9 billion and US$76 billion, respectively.
These companies – including two of Airbus' largest customers, GE Capital Aviation Services (GECAS) and International Lease Finance Corporation (ILFC) – offer a low-risk option for airlines, allowing them to operate without the need for financing a fleet and providing flexibility to add or remove capacity as needed.
It was found that Boeing had more accidents than expected, while Airbus had fewer (p = 0.015). In terms of fatalities, Boeing had more than expected, with Airbus fewer (p < 0.001). Looking at accidents alone, only the number of fatalities was statistically significantly different.
Boeing's 737 passenger jet became the world's best-selling aircraft last Wednesday, when the plane builder delivered the 8,000th jet to United Airlines. United was the first airline to order and take delivery of the second generation of the plane, the 737-200, in 1968. It has since received more than 550 737 aircraft.