Welcome to Flightinfo.com

  • Register now and join the discussion
  • Friendliest aviation Ccmmunity on the web
  • Modern site for PC's, Phones, Tablets - no 3rd party apps required
  • Ask questions, help others, promote aviation
  • Share the passion for aviation
  • Invite everyone to Flightinfo.com and let's have fun

Airline Plane Mfrs Ready to Start Cranking out Planes (Watch that Creeping SCOPE)

Welcome to Flightinfo.com

  • Register now and join the discussion
  • Modern secure site, no 3rd party apps required
  • Invite your friends
  • Share the passion of aviation
  • Friendliest aviation community on the web

Voice Of Reason

Reading Is Fundamental !
Joined
Sep 21, 2004
Posts
1,369
"December 13, 2010

Airbus Raises Aircraft Demand Forecasts

By THE ASSOCIATED PRESS

COLOMIERS, France (AP) — The global aircraft industry will recover faster than expected, according to European plane maker Airbus, which on Monday predicted about $3.2 trillion in new passenger and freighter planes will be needed over the next 20 years.
The figure translates to nearly 26,000 aircraft, up from its earlier forecast for 25,000.
Growing interest in more eco-friendly planes, strong growth in new markets and the expansion of low-cost airlines in Asia will help propel demand over the two decades, Airbus said at a presentation near its headquarters in southwest France.
The market forecast came after several recent setbacks for the European consortium.
On Nov. 4, a Qantas A380 superjumbo — Airbus’s star model — made a safe emergency landing in Singapore in what was the most significant safety issue yet for the giant plane since it began passenger flights in 2007.
In recent days, media reports emerged that a French investigating judge had placed the chief operating officer of Airbus, John Leahy, under investigation — a step short of formal charges — for insider trading.
The long-standing judicial investigation has focused on several executives of Airbus and its parent company European Aeronautic Defense and Space, or EADS. Last year, a similar investigation by the French market regulator cleared them, saying there was no evidence they used knowledge of delays to the A380 superjumbo program when selling shares or exercising stock options worth millions of dollars in 2005 and early 2006.
Mr. Leahy said he was disappointed that a judge was pursuing the case when the French regulator, the AMF, had already cleared those involved.
“We were all shown to be innocent by the AMF, who are the real experts in this,” Mr. Leahy told reporters.
EADS released a statement saying it had “full confidence” in those involved and said it was convinced they would be “be proved innocent once again.”
Addressing the Qantas emergency landing, Mr. Leahy criticized the engine-maker Rolls-Royce for its comments after the incident, suggesting the company had not been forthcoming enough. An oil leak had caused the plane’s Rolls-Royce Trent 900 engine to disintegrate in midair — an event that led to a global safety review of the world’s biggest jetliner.
But Mr. Leahy said Rolls-Royce builds good engines and “they will get this fixed, they have identified the problem and they’re implementing the fixes.”
”Unfortunately it takes a bit more time than everybody would have liked,” he said.
In its global industry review, Airbus’s long-term figures were slightly higher than last year’s, when it forecast that 25,000 passenger and freighter aircraft valued at $3.1 trillion would be delivered from 2009 to 2028.
The change reflects “a slightly higher growth rate of 4.8 percent compared to 4.7 percent in 2009,” the company said.
In July, Airbus’s rival Boeing said during its annual forecast that the global industry will need $3.6 trillion in new aircraft over the next two decades, or about 30,900 new jets.
The two companies have slightly different criteria on the size of jets they include in their forecasts.
Airbus looks at only jets of 100 seats or more, while Boeing includes planes of 90 seats and above. "
 

Latest resources

Back
Top