Aviation news and digest

Aviation experts estimate that 25-30% of aircraft orders accumulated by Airbus and Boeing could be delayed or cancelled by airlines

Posted in avianews by avianews on July 1, 2008

Aviation experts cited by German magazine Focus estimate that 25-30% of aircraft orders accumulated by Airbus and Boeing could be delayed or cancelled by airlines, as the latter face difficulties in the context of ever-rising fuel prices. Airbus reportedly has some 3,655 aircraft on order, and Boeing 3,645. These orders have a combined value of about $ 850Bn. Besides, the two manufacturers plan to sell between 24,000 and 28,000 further aircraft by 2026, but these previsions are based on a barrel price of $80-90, says the weekly. Oil prices currently exceed $140 a barrel. AFP (28/06)

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