History of Airbus
Let us take a brief look at the origins of the Airbus company. About forty years ago, American companies dominated the aircraft manufacturing scenario, with big names such as Boeing, Lockheed, etc.
It was in this background that the Airbus Industrie was formally established as a Groupement d'Interet Economique (Economic Interest Group or GIE)1. This happened in the year 1970 on December 18. This was a joint government venture between France, UK and Germany. Later on it was rechristened as Airbus SAS towards the close of the 20th Century.
Since its inception as a GIE, the company has manufactured more than five thousand airbus planes and is almost at par with Boeing, the other aircraft manufacturing giant. The adjacent bar graph shows a relative comparison in terms of delivery rates between two major aviation sector giants, Boeing and Airbus from 1997-2010. Yet the company has been in the news for the wrong reasons in the recent past.
Accidents are not new in aviation history. Accidents are a part of any transportation medium, be it automobiles, ships, aircrafts or spacecrafts. Even the Airbus is not an exception to this rule. There is a long list of crashes, fatal accidents, near misses and so on, from the Airfrance Flight 296 to the recent horrible accident of Airblue Airbus A321 in Pakistan, resulting in the death of more than 150 passengers and crew members.
Yet it does not mean to say that accidents should be ignored or taken lightly. All accidents need to be probed for their cause and effects. This will help to avoid the future loss of human life and property.