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Boeing is waging price war, says Airbus CEO

The chief executive of Airbus has said US rival Boeing has slashed the prices of Boeing 737 Max aircraft in a bid to seize market share from Airbus A320neo, a German newspaper has reported. "Boeing is desperately trying now to boost the market share of B737 Max. They are very aggressive when it comes to pricing," Fabrice Bregier told German daily, Welt am Sonntag. Asked how EADS would protect itself in case of a euro zone break up, he said: "Our parent EADS is examining right now whether we should set up our own bank. With its €10bn, EADS has a strong cash position and is doing everything in order to preserve this cash."