In 1960 on the occasion of the 25th anniversary of the DC-3, a British aviation magazine showed a cartoon of two executives overlooking a production line of DC-3s with the caption "It's a DC-3 replacement." It can be argued on economic grounds that the same cartoon logic applies to the 737/A320 replacement, with Boeing and Airbus engineers searching for that magic breakthrough that will give them a critical edge and justify launching a $5 billion program. Because the A320 enjoys a ...

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