Monday 16 November 2009

Airbus, Boeing Call Recovery as Airlines End Deferrals of Jets

Airbus SAS and Boeing Co., the biggest commercial-plane makers, predicted airlines will emerge from a slump next year as the global economy rebounds from the worst recession in decades and fuels air travel.

Airlines have stopped pushing back deliveries, Airbus Chief Operating Officer John Leahy said at the Dubai Air Show yesterday. Boeing, estimates economic growth in 2010 will help airlines repair their balance sheets, Randy Tinseth, Boeing’s marketing chief for commercial planes, said.

“Next year will be a year of recovery, and in 2011 airlines will return to profitability,” Tinseth said. “The last air show in 2007 was absolutely a year about orders, and this year is more about working with our customers.”

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