Boeing, Airbus Say Orders To Point To Economic Recovery | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.25.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.26.17

Airborne-Unmanned 05.23.17

Airborne-YouTube

AMA 05.25.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.26.17

Airborne-Unmanned 05.23.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Wed, Jul 21, 2010

Boeing, Airbus Say Orders To Point To Economic Recovery

Analysts, However, Are Not So Sure

Major orders for both Boeing and Airbus at the top of the Farnborough Air Show are indications of a strong economic recovery, right? That is the opinion of the leadership for the two rival plane makers, but analysts say it's not a sure thing.

On the opening day at Farnborough, Boeing said it had taken orders for 30 of its 777-300ER jets from Emirates Airline,40 Next Generation 737s from GE Capital Aviation Services, three Dreamliners, and 27 additional aircraft, while Airbus touted orders for 121 planes from a variety of customers on the opening day of the show, some of those also from GE and other leasing firms. "The market is clearly coming back and I feel very confident about how we are positioned to regain -- and retain -- leadership in this business," said Boeing commercial aircraft division chief James Albaugh. "Financing has stabilized. There is a lot of pent-up demand."

And airlines are feeling a change in the wind. The New York Times reports that the IATA forecasts a global airline profit of $2.5 billion in 2010, which follows losses of $9.9 billion in 2009 and $16 billion in 2008.

But industry analysts are not as bullish on the recovery. Richard L. Aboulafia from the Virginia-based Teal Group told the paper that, in terms of the broader economy, "things are very uncertain." He said trade demand was indeed showing a strong recovery, but that was not showing up across the board.

Many of the orders at Franborough are for single-aisle short-haul jetliners that airlines are buying to replace aging fleets, and Aboulafia says that part of the market is the "most flexible" in terms of marketing.

While they agree that Boeing and Airbus are announcing orders for a lot of airplanes, analysts say they do not expect sales to reach pre-recession levels in the foreseeable future. But Monday's announcements are already flight levels above the deals rolled out at the Paris Airshow last year.

FMI: www.boeing.com, www.airbus.com

Advertisement

More News

Airborne-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

AMA Drone Report 05.25.17: Court Kills FAA Model Drone Registration, DJI Spark!

Also: AMA Reacts To Court, FAA Reaction, AUVSI Reaction, Kittyhawk Flight Deck APP Score one for us little guys... As you may have heard, the U.S. Court of Appeals in Washington, D>[...]

Airborne 05.26.17: Elvis' Jetstar, ACJ330neo, Redbull's Muroya Aims For Chiba

Also: Revitalizing The Aero-Verse, NAAA's Concerns, 737 Air Tankers, SD Air & Space Museum, LAX Mishap, Avidyne After sitting on a runway in Roswell, NM for more than 30 years,>[...]

ANN's Daily Aero-Term (05.28.17): Security Notice (SECNOT)

Security Notice (SECNOT) A SECNOT is a request originated by the Air Traffic Security Coordinator (ATSC) for an extensive communications search for aircraft involved, or suspected >[...]

ASA Names Director Of Marketing

Brian Snider Has Worked For The Company Since 2008 Aviation Supplies & Academics, Inc. (ASA) is pleased to announce that Brian Snider has accepted the Director of Marketing pos>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC