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December 31, 1996 Boeing and McDonnell announced a merger.
Twenty-nine years ago today, on December 31, 1996 (November 21, 1996 in the lunar calendar), Boeing and McDonnell Douglas, the world's two largest aviation manufacturing giants, announced their merger. Merger of Boeing and McDonnell Douglas At the end of 1996, Boeing and McDonnell Douglas, the world's two largest aviation manufacturing giants, announced their merger plans. After the merger, Boeing will monopolize more than 65% of the global aircraft market. This large transaction involving a transaction volume of US $13 billion made Europeans very panic, because the European Airbus company was already at a disadvantage in the competition with Boeing, and the merged Boeing would be stronger, and Airbus would undoubtedly suffer more. Therefore, Europeans accused Americans of engaging in monopolistic competition and opposed the merger of the two companies. After negotiation and negotiation, until July of this year, Boeing was forced to give up the monopoly supply contracts it had signed with dozens of American airlines, in exchange for Europeans' recognition of this merger. Thus the unprecedented "Big Mac" in the air was born.


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