The Airbus A380 "Super Jumbo" flew its maiden flight today in France. The double-decked, ultra-large capacity plane is Airbus' first direct competitor to Boeing's 747. Airbus is banking on this plane, which appeals to airlines that make long-haul, high-volume trips between large hub airports, like Singapore or Emarites.
Boeing is taking a different tack, with its 787 Dreamliner. In contast to the A380, the 787 has a lower capacity, but still sports long range capability. This type of plane is ideal for airlines that use a decentralized system or aren't banking on six or seven hundred passengers on a single flight. Air India and Air Canada have recently announced orders for the 787.