Airplane Makers Are Bullish, Analysts Cautious

In the strongest evidence yet of a strengthening recovery in the commercial aviation sector, the world’s two largest makers of aircraft on Monday announced more than $24 billion worth of new jet orders, the bulk of which came from lessors eager to help airlines bolster capacity as global air traffic revived.

Boeing and its European rival, Airbus, reaped deals for more than 180 new planes on the opening day of the Farnborough International Airshow, one of the world’s largest aviation bazaars.

But while industry leaders spoke of the airplane market in more bullish tones than they had in the past two years, analysts cautioned that broader economic growth — a leading driver of passenger and cargo demand — remained weak in many key parts of the globe, particularly western Europe.

Read Full Article from New York Times

- Posted: 2010-07-19 12:59:56

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