In the News
Airbus secures $50 billion deal
Geoff Riley
15th November 2017
A terrific example here of the balance of bargaining power when a duopolist (Airbus) meets a business owning a group of low-cost airlines (monopsony buying power) to reach a deal for 430 aircraft worth - at list price - nearly $50 billion. The FT says that this may be the biggest deal in the history of aviation!
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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