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 09.21.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.21.17

Airborne 09.22.17

Airborne-Unmanned 09.19.17

Airborne-YouTube

AMA 09.21.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.21.17

Airborne 09.22.17

Airborne-Unmanned 09.19.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

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

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 09.19.17: FAA OKs FL Drone Ops, ICAO Registry?, No Pot Drones

Also: FAA Reauthorization, Medical Drone Transport, USMC Quadcopters, Canister Launched UAS, Atlas Dynamics Airborne, primarily based in Jacksonville, FL is starting to recover fro>[...]

AMA Drone Report 09.21.17: AMA Expo West, Parrot Mambo, No Drone Pot Delivery

Also: Drone Injury Study, Cook County-IL, Northeastern Drone Society, Propel Star Wars Drones, GA UAS Integration One of the pinnacle model aviation events of the year is coming up>[...]

Airborne 09.21.17: Pilot Runs 4 Senate, Seaplane Base Hit, Sonaca 200

Also: Mitchell Airport, AMA, Plane v Elk, Ariane 6, Lakeville Airport, Alaska Airlines Airshow and test pilot Bob Bishop is launching a run for the United States Senate in 2018. He>[...]

AMA Drone Report 09.14.17: MultiGP NatÂ’l Championship, GDU O2, ICAO Registration

Also: AMA Monitoring Volunteer Drones, Aerix DaVinci, FAA ReAuthorization, TobyRich, ADR Test Pilots The 2017 MultiGP National Drone Racing Championship are being held now through >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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