Airbus fuels investor concern on slowdown
Airbus fuelled investor concerns Monday that the current boom in passenger jet orders could be running out of momentum, but joined rival Boeing in upgrading forecasts for longer-term demand. John Leahy, Airbus COO for customers, admitted that it would be a “stretch” for the aircraft manufacturer to match each delivery planned this year with an order for a new jet. The group “might at some point” see orders for jets falling below aircraft deliveries, he said. Airbus expects to deliver 650-plus aircraft this year. At June 30, Airbus had secured orders for 183 jets — after deducting cancellations — and while more deals could be expected this week at the show, “we have got a lot of running to catch up”, said Leahy. Boeing has said it expects orders to come close to deliveries this year. <br/>
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Airbus fuels investor concern on slowdown
Airbus fuelled investor concerns Monday that the current boom in passenger jet orders could be running out of momentum, but joined rival Boeing in upgrading forecasts for longer-term demand. John Leahy, Airbus COO for customers, admitted that it would be a “stretch” for the aircraft manufacturer to match each delivery planned this year with an order for a new jet. The group “might at some point” see orders for jets falling below aircraft deliveries, he said. Airbus expects to deliver 650-plus aircraft this year. At June 30, Airbus had secured orders for 183 jets — after deducting cancellations — and while more deals could be expected this week at the show, “we have got a lot of running to catch up”, said Leahy. Boeing has said it expects orders to come close to deliveries this year. <br/>
