From the New York Times, I'm Michael Barbaro.

This is the day.

Today, as Boeing developed a new line of passenger jets,

it was determined to avoid costly training for pilots.

Then, two of those jets crashed.

It's Tuesday, March 19th.

The global aerospace business is essentially a duopoly.

There are two big companies.

There's Boeing, which is American-owned,

and there's Airbus, a European rival.

Natalie Ketroev is a business reporter at the times.

These two are always competing with each other.

They are competing on every single aspect of an airplane.

And they're often competing for the same customers.

So, in late 2010,

We're not redesigning the 830.

It's pretty damn good just the way it is.

What we're doing is offering new, more fuel-efficient engines on today's airplane.

Airbus announces that it is offering a new,

new fuel-efficient version of its best-selling A320 plane.

Well, an A320 Neo.

It's going to be the A320 Neo.

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