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Paris Air Show commentary

 
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Aiel
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Joined: 19 Dec 2006
Posts: 927
Location: Bangalore

PostPosted: Mon Jun 18, 2007 3:09 am    Post subject: Paris Air Show commentary Reply with quote

Buoyant industry cheers as Paris kicks off

There is a mood of almost cocky confidence as the world's largest air show kicks off at Le Bourget airport on the outskirts of Paris.
The signing of deals worth more than $300m (£150m) - equivalent to some 300 aircraft sold - are expected at the show, which is set to receive almost a quarter of a million industry visitors.
"Plane orders are increasing on the back of global economic growth," observes aerospace analyst Pierre Boucheny from Kepler Equities in Paris.
"The show falls at a good point in the cycle of the airline industry."
And the only way is up, according to US aerospace giant Boeing, which recently raised its sales forecast for the industry from $2.6 trillion to $2.8 trillion over the next two decades - equivalent to 28,600 planes.


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sammyk
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Joined: 20 Dec 2006
Posts: 2719
Location: Austin, TX

PostPosted: Mon Jun 18, 2007 3:13 am    Post subject: Reply with quote

Am I reading that right? $300M equal to 300 aircraft? Where does one buy these $1M aircraft? Very Happy

$300M will barely buy you a couple of 777s.
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