The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page C05

THE PHILADELPHIA INQUIRER www.philly.com C5 Tuesday, June 14, 2005 7 WE'RE AVAILABLE Sky wars: Boeing vs. Airbus FOR YOU 247 -J it www.service.pmonline.com Did you know that you can use our customer service weD site to start a suDscnption with credit card payment? Just go to www.service.pnionline.com and find out how easy it can be to stay in touch with us. Colonial Mortgage Service Company of America Home Equity Loans First Mortgages from $50,000 to $500,000 Licensed mortgage banker PA NJ Licensed PA NJ dept of banking Licensed pursuant to secondary mortgage loan act PA NJ For qualified buyers Rates subject to change without notice The new Airbus A380 prepares to land at Le Bourget Airport, north of yesterday. Boeing has no counterpart to the super-jumbo jet, but is REMY DE LA MAUVINIERE Associated Press Paris, after a demonstration flight ahead in selling midsize planes. AIRBUS from Cl and officials are contemplating expanding their targets.

"The marketplace would eat as many as we could produce, so we're just trying to figure out a prudent number," he said. Airbus spokesman David Velu-pillai said the A350 will prove a formidable competitor to the Dreamliner, in contrast to Boeing's inability to compete against the A380. He said "the question is: Why isn't Boeing in the super-jumbo market?" The Boeing-Airbus rivalry is looming large over the Paris Air Show, which French President Jacques Chirac officially opened yesterday as an Airbus A380 flew overhead. Just about every company associated with civil or military aviation has a presence on this exhibit grounds just north of Paris, where the major players have rented "chalets" to market their wares and entertain guests. Organizers said the show had broken a record by drawing 1,900 exhibitors from 44 countries.

More than 200 planes and helicopters were on display. But it's the Boeing-Airbus rivalry that captures the imagination, in part because the two firms have embraced competing visions of the future of air travel, and in part because their new planes promise to significantly improve the flying experience. A decade ago, Boeing, which employs 4,000 people at its Delaware County helicopter plant, controlled 80 percent of the passenger-aircraft market. But in 2003, for the first time, Airbus surpassed Boeing in number of planes delivered 305, compared with 281 for Boeing and Airbus beat Boeing again last year. Although in one sense it's a Europe versus American business competition, both firms use suppliers and contractors from all over the world, including one another's home bases.

In developing a next-generation plane, Airbus put most of its eggs $13 billion worth, to be precise into the A380, which is being assembled in Toulouse, France. It is designed to fly large numbers of people between large cities under the NOTICE OF FULL REDEMPTION TO THE HOLDERS OF CITY OF PHILADELPHIA, PENNSYLVANIA Airport Revenue Bonds, Series 1995 A NOTICE IS HEREBY GIVEN, that there have been called for full redemption on July 8, 2005 all outstanding Bonds of, the City of Philadelphia, Pennsylvania, totaling $183,895,000 in principal amount as listed below: CUSIP Maturity Rate Amount Price 717817DN7 06152006 5.60 $5,045,000 102.00 717817DP2 06152007 5.70 $5,330,000 102.00 717817DQ0 06152008 5.75 $5,635,000 102.00 717817DR8 06152009 5.75 $5,960,000 102.00 717817DS6 06152010 5.75 $6,300,000 102.00 717817DT4 06152015 6.00 $37,550,000 102.00 717817DU1 06152025 6.10 $118,075,000 102.00 current air transport model, known as the "hub and spoke" system. Airbus says it has 154 firm orders for the A380, which was announced in 2000 and is scheduled to be flying by 2006, mainly on long international flights. It needs 300 to make a profit. Boeing, by contrast, has not yet offered a true replacement for its aging 747, which was long the dominant jumbo jet.

Instead it set about developing the 787, which is designed to fly smaller numbers of passengers long distances "point to point," as discount carriers Southwest and Jet Blue do. Boeing believes passengers will demand that airlines increasingly move away from the hub system. Most analysts say there is room worldwide for both approaches, since hubs will long be needed in places like China and India. And for a while, it looked as if Boeing had made a big mistake by not matching the A380. But as airlines began to show a huge appetite for the 787, it was Airbus that scrambled to announce the A350, which it The Bonds are being called pursuant to the optional redemption provisions of the governing documents at the price listed above plus accrued interest to July 8, 2005 on which date all interest on the Bonds will cease to accrue.

Holders of the Bonds are requested to present their Bonds, at the following addresses: Delivery by hand or mail: Wachovia Customer Information Center Attn: Corporate Trust Redemptions NC-1153 1525 West WT Harris Blvd 3C3 Charlotte, North Carolina 28262-8522 BY: WACHOVIA BANK, NATIONAL ASSOCIATION -reSSL. as Fiscal Agent Dated: June 7, 2005 NOTICE Withholding of 28 of gross redemption proceeds of any payment made within the United States may be required by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the unless the Paying Agent has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Please furnish a properly completed Form W-9 or exemption certificate or equivalent when presenting your securities. The Issuer and Fiscal Agent shall not be responsible for the use of the CUSIP num-ber( selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Bond. They are included solely for the convenience of the holders.

Nose to Nose Here's how Boeing Co. compares to Airbus S.A.S. Headquarters: Chicago Commercial aircraft orders: 272 (2004) Commercial aircraft deliveries: 285 (2004) 2004 revenue: $52.46 billion 2004 profit: $1.87 billion 2004 employees: 159,000 Headquarters: Toulouse, France Commercial aircraft orders: 370 (2004) Commercial aircraft deliveries: 320 (2004) 2003 revenue: $24.23 billion 2003 employees: 50,000 SOURCES: Listed companies, U.S. House of Representatives Subcommittee on Aviation BUT TRUE Barnes CEO to step down amid move bills as a replacement for its A330. Each company says its new midsize plane will cost less to operate.

Whoever's right, all the new planes are good news for passengers. They make use of hightech composite materials that are lighter and more durable than aluminum. All promise to be more fuel-efficient, with quieter, more spacious, more sophisticated cabins than today's airplanes. In the 787, for example, the air quality will be better because the composite fuselage allows cabin pressure to be higher, Bair said. Boeing's research shows that passengers will have less eye and throat irritation as a result.

Customers will like that, but airlines like the 787 equally well for an entirely different reason, Bair said: It is designed to be easier to strip down and sell if an airline hits hard times. "It was not lost on us that we build a capital good for an industry that is struggling to make money," he said. Contact staff writer Ken Dilanian at 215-8540-2405 or foreignphillynews.com. Center City, said the next president of the Barnes should preserve Albert Barnes' vision of a teaching institution. "I hope that the next director of the Barnes Foundation will take a closer look at what sort of education Dr.

Barnes began and fostered during his life, and make a concerted effort to bring that sort of education back," Raymond said. Contact staff writer Patricia Horn at 215-854-2560 or phornphillynews.com. Open Monday Friday 8:15 am pm Berwyn 412 Swedestord Road (610) 296-4295 Broomall Lawrence Park Shopping Plaza (610) 325-0288 Cherry Hill 1998 Marlton Pike East, Suite 6 (856) 489-3790 Huntingdon Valley 2146 County Line Road (215) 354-9050 Philadelphia 2329 Cottman Avenue (215) 338-1477 Call for directions istTRUE luxury, LUXURY The All-New 2006 Infiniti 10 Available For Immediate delivery! VALUE! POWER SEATS 4 AVAILABLE AT THIS PRICE From the Philadelphia Museum of Art's planned expansion to "the rest of the explosion of cultural activity, Philadelphia has finally been recognized for its potential as a world-class city," she said. "The next leader of the foundation will be a critical part of both the institution and the community's future. The choice of next director is important for more than the Barnes." Jay Raymond, a Barnes student who unsuccessfully appealed the court decision that allowed the Barnes to move to Great Money Market APYs I Money Market) Account $1 00,000 Minimum BARNES from Cl Watson did not return calls seeking further comment yesterday.

Through a spokesman, Pew president Rebecca W. Rimel also declined to comment. The Barnes said it would conduct an international search for a successor to Camp. "She had a tough job. I am not surprised," said Nancy Burd, senior vice president of the Nonprofit Finance Fund.

"They are moving to a much bigger and more national HHQE profile. I would imagine that the task in front of the board and the institution is fair--wj ly daunting, and "sJl they will proba-bly look for someone who has na Kimberly Camp tional presence in the art world and also perhaps who has experience developing a new facility, which is very tough to do." Bruce Mann, a professor of trust law at the University of Pennsylvania, said Camp "managed to steer the Barnes through a period of sharply diminished resources and a very controversial time." "She did the best she could with the very weak hand that was dealt her when she joined," Mann said. "But it may very well be that the move to the Parkway is a project of sufficient scope and duration that now is an appropriate time for her to consider what else she wants to do." Anne d'Harnoncourt, director of the Philadelphia Museum of Art, praised Camp's work at the Barnes. "Her leadership over the past seven years has really been crucial to the foundation," d'Harnoncourt said, pointing particularly to Camp's fund-raising efforts and a project that Camp spearheaded to catalog the Barnes' massive collection. "She got that off the ground in a wonderful way," d'Harnoncourt said.

Peggy Amsterdam, president of the Greater Philadelphia Cultural Alliance, said she wished Camp well, and was anxious about who the new Barnes director would be. "This isn't just a pivotal time for the Barnes Foundation, it is is a pivotal time for the entire cultural community in Philadelphia," Amsterdam said. FX35 AWD New 2005 Infiniti $0 DOWN PAYMENT PAYMENT $2 500 D0WN PAYMENTS AUTOMATIC BOSE 6 DISC IN-DASH CD PLAYER LEATHER INTERIOR CLIMATE CTRL SUNROOF tun: Proud Members Of The Countrywide Bank A DIVISION OF TREASURY BANK.N.A. LIVE A LITTLE MORE" 1-800-604-4370 Mon. through Fri.

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