Airbus and Boeing expect buoyancy in orders

Farnborough, UK: Aircraft manufacturers Boeing Co. and Airbus SAS said they see a recovery in the commercial aviation market as their latest planes, the Boeing 787 Dreamliner and the Airbus A380, went on display next to each other at the opening of the Farnborough airshow on Monday.
“The market is clearly coming back and I feel very confident about how we are positioned to regain—and retain—leadership in this business,” Jim Albaugh, president and chief executive officer of Boeing’s commercial airplanes unit, said at a briefing.
The International Air Transport Association has forecast that global airline industry profits will reach $2.5 billion (around Rs11,775 crore) this year as the industry recovers from a $9.4 billion loss in 2009 when the US and Europe battled their worst recession in decades.
Farnborough hosts the massive aviation and arms jamboree every other year, rotating with Le Bourget near Paris. For a week, the quiet Hampshire town in southern England will be transformed into an armed camp bristling with both the latest smart weapons for arms buyers and shiniest new passenger jets.
19/07/10 Tarun Shukla/Live Mint

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Categories: Farnborough airshow 2010