Airbus bets its future on the A350

Airbus parent EADS decided Friday to go ahead with a new mid-sized jetliner to strike back at Boeing in their fight for market share and restore pride shattered by delays to its A380 superjumbo.

The pan-European company said its board had agreed after months of uncertainty to build a re-engineered version of the A350, the “extra-wide-bodied” A350 XWB, after an earlier version flopped in competition with Boeing’s 787 Dreamliner.
 
The market for such 200-350-seat jets is estimated in the thousands, compared with 149 net sales for Airbus’s 555-seat A380 whose deliveries have been delayed for two years.

The gap highlights a sharp reversal in the $50 billion cut-throat airliner industry Airbus shares with Boeing.

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