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 04.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.23.14 **
** Airborne 04.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.21.14 **
** Airborne 04.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.18.14 **

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

Luftwaffe Ju 52 Discovered On The Bottom Of The Black Sea

Plane Disappeared 67 Years Ago On Transport Mission To The Eastern Front A plane missing since 1942 has been discovered in about 75 feet of water in the Black Sea has been identifi>[...]

AD: British Aerospace Regional Aircraft Airplanes

AD NUMBER: 2014-07-09 PRODUCT: British Aerospace Regional Aircraft Jetstream Series 3101 and Jetstream Model 3201 airplanes.>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-08-04 PRODUCT: Certain Airbus Model A310 series airplanes.>[...]

ANN's Daily Aero-Linx (04.24.14)

South Bay Soaring Society The South Bay Soaring Society (SBSS) is a non-profit radio controlled glider club based in San Jose, CA. They have flying sites in San Jose, Santa Clara, >[...]

ANN's Daily Aero-Term (04.24.14): Dew Point (Abbrev. DWPT)

A measure of atmospheric moisture. It is the temperature to which air must be cooled in order to reach saturation (assuming air pressure and moisture content are constant).>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC