Aiel Member
Joined: 19 Dec 2006 Posts: 927 Location: Bangalore
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Posted: Mon Jun 18, 2007 3:09 am Post subject: Paris Air Show commentary |
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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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