Despite the prospective onset of possible economic recession triggered by the credit crunch and record-high oil prices, demand for new jetliners remains robust, according to Boeing Commercial Airplanes chief executive Scott Carson. He sees present circumstances as offering airlines a double-edged sword. “We expect present oil price trends to continue.
Boeing Commercial Airplanes forecasts a $3.2 trillion requirement for some 29,400 commercial jetliners with capacity for more than 29 passengers from 2008 to 2027, driven by increasing demand for new efficient designs.
The hundreds of billions of dollars worth of airliner orders now on the books will help insulate aerospace manufacturing companies from the industry crisis now facing U.S. airlines, according to an aerospace manufacturing trade group based near Washington, D.C.
After regaining profitability for the first time since 2000, the world’s airlines are heading for another downturn, predicts U.S.-based analyst Forecast International in its latest long-term outlook for the industry.
Boeing still believes that the KC-767 is the right-size airplane to meet the KC-X tanker requirement, despite the U.S. Air Force’s selection of the larger Airbus A330MRTT, now voided. “I’m not convinced that they want a bigger airplane,” Chris Chadwick, president of Boeing Military Aircraft told AIN as the show opened.
The U.S. KC-X tanker win in February was a major breakthrough for EADS (as part of the Northrop Grumman team), which has established operations in Mobile, Alabama, already and started to relocate A330 freighter activity there, too. But the champagne corks are back in after the U.S. GAO in June upheld seven points in Boeing’s protest at the U.S. Air Force procurement.
EADS is going global, but not leaving its European roots behind. That message from the company’s management team reverberated this week as it forges ahead with restructuring efforts in a difficult economic climate.
More than a year after predicting at last year’s Paris Airshow that the new 787 twin-aisle twinjet would fly within three months, Boeing is no closer to achieving that important milestone. After three acknowledged delays, Boeing now expects the airplane to fly in the fourth quarter of this year.
With the attachment of its wings and the hanging of the engines last month, Boeing’s first P-8A Poseidon reconnaissance aircraft is right on schedule and could soon be earning its first international order, according to the manufacturer.
Jet fuel prices are soaring, capital markets are drying up, Western economies at best are stalled and defense budgets are under threat as shrinking tax bases swell national debts to unsustainable levels. But you won’t find many prophets of doom among the top aerospace executives gathered here for the 2008 Farnborough International show.