Saturday, 12 November 2011

Dubai Air Show 2011 - Special Report: Dubai Airshow - No Austerity Signs Yet! - CNBC

Defying gravity, let alone already well-evident signs of global economic downturn, the world’s commercial aerospace manufacturers arrive at the Middle East’s premier Dubai Airshow in seemingly strapping health.

For Boeing [BA 66.92 2.09 (+3.22%) ] and Airbus, the world’s two largest commercial aircraft manufacturers, this year has been truly remarkable, although it's fair to say that the same can be said for most of the world’s other players too.

On one hand the idea of another record year hardly makes sense, and yet on the other, air travel remains an industry that's still expanding. The airline industry is also hugely competitive, meaning that unless underlying revenue is growing, an airline has little choice but to further reduce cost and capacity.

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