Airbus Says It's All Up Over Future Plane Orders ; Aerospace

Summary

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European aircraft manufacturer Airbus yesterday said it expects the market for aircraft to cool and new orders to halve to 700 in 2008 after years of strong demand took its order book to a record 3,600 planes.

Toulouse-based Airbus, owned by European aerospace group EADS, received orders for 1,341 aircraft in 2007, but fell behind US rival Boeing, which had 1,413.

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Extract

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Airbus Says It's All Up Over Future Plane Orders ; Aerospace

"The years 2005, 2006 and 2007 were the peak years in terms of orders and we now are ramping up production, as is Boeing. We would see 2010, 2011 and 2012 as peak years in terms of production...

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