Boeing's strategy appears to focus on its 777 midsize plane's ability to fly into smaller, non hub airports. Rival European Airbus's strategy appears to focus on large planes. Compare the advantages and disadvantages of these two strategies.Boeing's Strategy:Advantages:1. Accessibility: Boeing's approach allows airlines to reach smaller, regional airports, which may not be accessible by larger aircraft. This can help airlines tap into niche markets and offer more direct routes, improving passenger convenience.2. Lower Infrastructure Costs: Smaller airports typically have lower infrastructure costs, such as landing fees, making it more cost-effective for airlines to operate. Boeing's strategy can help airlines save on these expenses.3. Flexibility: Boeing's midsize planes can be used for various routes, including both short-haul and long-haul flights. This versatility can be a significant advantage for airlines looking to optimize their fleet for different market conditions.Disadvantages:1. Capacity Limitations: Boeing's midsize planes have limited passenger capacity compared to larger aircraft. This could be a disadvantage when operating on high-demand, high-traffic routes where airlines may want to carry more passengers.2. Economies of Scale: Smaller planes may not benefit from the same economies of scale as larger aircraft. Maintenance, fuel efficiency, and operating costs per seat may be higher, potentially reducing profitability.Airbus's Strategy:Advantages:1. High Capacity: Airbus's focus on larger planes allows for greater passenger capacity. This can be advantageous on high-demand, long-haul routes, as it enables airlines to transport more passengers per flight.2. Economies of Scale: Larger aircraft often benefit from economies of scale. They tend to be more fuel-efficient per passenger and have lower maintenance costs per seat, potentially leading to better profitability.3. Premium Services: Large aircraft are more suitable for premium services such as first-class and business-class seating. This can be a source of higher revenue for airlines.Disadvantages:1. Limited Accessibility: Airbus's large planes may not be able to access smaller, regional airports. This could limit an airline's route options and reduce its ability to serve niche markets.2. Higher Infrastructure Costs: Larger planes often incur higher landing fees and require more extensive airport infrastructure, which can add to operational expenses.3. Risk of Overcapacity: Operating large planes requires high passenger load factors to remain profitable. Airlines risk overcapacity and financial losses if they cannot consistently fill these planes.