Airbus Expecting 50 Percent Drop In '08 Orders

Manufacturing Net ^ | February 20, 2008 | By Gillian Wong, Associated Press Writer

[drc43]

SINGAPORE (AP) — Airbus said Wednesday it expects half as many orders for new planes in 2008 as it got last year after receiving record orders in recent years and amid slower global growth.

John Leahy, Airbus' chief salesman, said at the Singapore Airshow that the European planemaker is likely to sell about 700 planes this year, down from more than 1,400 orders last year.

''The market, in terms of new orders, will be going down,'' Leahy told a press briefing. ''We have a record backlog so I would expect to see fewer and fewer orders as the market does cool off a bit.''....

[drc43]

Things looking a bit up for Boeing....Earlier article had Boeing doing very well at the Singapore Airshow opening....

[Red6]

Airbus can never fail.

State backed firms can’t go broke as long as the state is committed to backing them, as is the case with Airbus. Forget everything you think applies to business; share-values, interest rates, certain competitive concepts, fix/variable costs etc etc etc.

[ccmay]

This is an example of the self-correcting free market. We have been bingeing on cheap imported goods with a relatively strong dollar for a long time. Now the Chinese want something in return for their piles of dollars, so the price of dollars in terms of foreign currencies is falling, and therefore it will be our turn to export cheaper goods to the rest of the world for a while. Good for American manufacturers. Bad for American tourists who want to go to Europe. But nothing the government does can help. They need to remain hands-off and let the cycle run its course.

-ccm

[bill1952]

‘’We have a record backlog so I would expect to see fewer and fewer orders as the market does cool off a bit.’’....

Any business with that type of backlog that is due to structural deficiencies in the business model, as opposed to the product, would be in real trouble.

Tell the taxpayers there to toss more money at her...

[VOA]

bump

[Zuben Elgenubi]

((((((( ping )))))))

[MSF BU]

Well, too bad for American tourists. I’m more concerned about the service members living overseas.

[B4Ranch]

> a relatively strong dollar <

Have you checked the charts lately?