The Airbus A350 jumbo jet makes its maiden flight today. It’s Airbus’ answer to rival Boeing’s ill-fated 787 Dreamliner, which broke ground on aerodynamics and fuel efficiency four years ago.
Being the first to roll out new technology has its advantages, says tech industry analyst Tim Bajarin: “You make a strong message that you are a leader.” But, being first also has its disadvantages.
“You’re now showing the competition what they should be doing next and, if there are any problems,” he says.
In the case of the Dreamliner, it ‘s been some pretty big arrows — most recently battery failure. Bajarin says that’s why it can really pay to be a so-called “fast follower.”
The advantages to going second can be even greater in the airline industry says Henry Harteveldt, a travel industry analyst at Hudson Crossing.
“In commercial aviation, if your $100 million-plus airplane doesn’t work, it’s a huge cost,” Harteveldt says.
An airplane isn’t an iPod, Harteveldt adds. Airlines don’t often invest in new aircraft, and if you can land their business first, that’s a big, long-term advantage.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.