Monday, July 11, 2016

Airbus and Boeing are ignoring fears about the economy – Challenges.fr

Sarah Young and Conor Humphries

FARNBOROUGH, England (Reuters) – Airbus and Boeing have raised their forecasts Monday to 20 years for the demand for new aircraft, betting that growth of wealth Asia will continue to stimulate air traffic and compensate for macroeconomic shocks.

the two leading aircraft manufacturer have opened with giant orders the Farnborough Airshow, which runs until Sunday near London.

Airbus has garnered an order 12 A350-1000, for $ 4.4 billion (nearly 4.0 billion euros) at list prices, Virgin Atlantic, the British billionaire Richard company Branson.

the airline allows Airbus to revive its largest twin-engine 366 seats, whose sales have slowed, even as Boeing prepares a larger version of its 777.

Virgin Atlantic also had options for the purchase of six A380s, but industry sources told Reuters this command, carried long, would likely be canceled.

After years of strong demand , aircraft manufacturers showed late 2015 a record backlog of 13,500 planes, nearly 10 years of production at current rates

But analysts have warned that economic risks -. slowdown growth in China Brexit – could slow the flow of orders, fearing even cancellations in jumbo

This does not prevent aircraft manufacturers to mount optimistic

.. Boeing has said his side that global airlines would need 39,620 new aircraft with a total value of 5.900 billion dollars (5.330 billion euros) over the next 20 years to meet the growth in traffic, particularly Asia and the demand for more fuel-efficient aircraft.

“Despite recent events that have had an impact on the financial markets, the aviation industry will continue to see long-term growth with doubling the size of its commercial fleet, “said Randy Tinseth, marketing director of the division of Boeing civilian aircraft.

Boeing foresees an annual increase of 4.8% of average traffic companies airline over the next two decades.

Airbus noted also its demand forecast over 20 years to more than 33,000 aircraft, with a total value of 5.200 billion dollars (4.700 billion euros) and said, provide an average annual growth of 4.5% in traffic.

“the middle classes in emerging countries will double to 3.5 billion people by 2035,” said Airbus in a statement, expecting particularly strong demand in China and India.

Some industry officials however, were more cautious.

David Joyce, CEO of the engine manufacturer GE Aviation, Farnborough told he did not see the need for further increases in production expected aircraft manufacturers.

single-aisle DERIVE MARKET

Airbus and Boeing have both indicated that c is the demand for single-aisle who continue to wear market growth expected within 20 years, more than the large carriers.

on a segment increasingly competitive, Boeing announced improved design of smaller aircraft 737 MAX family, which now have 150 seats, 12 more than the current version.

Boeing also announced that the Chinese company Donghai Airlines has signed a Memorandum of understanding for the purchase of 25 737 MAX 8 and 787 five 9 for a total of more than four billion dollars (3.6 billion euros) at list prices.

Bloomberg said Monday his side the Malaysian company AirAsia was about to acquire A321 for $ 12.6 billion (11.4 billion euros). Industry sources told Reuters on Sunday that AirAsia was discussing an order with Airbus.

In terms of military aviation, British Prime Minister David Cameron launched the Farnborough with the finalization agreements with Boeing for the purchase of new maritime surveillance aircraft P-8A Poseidon maritime and modernization of 50 Apache helicopters, totaling billions of dollars.

the head of the supply of arms Pentagon estimated the Brexit not fundamentally change neither the links Britain with the US military or military trade contracts.

Around 16:15 Airbus Group gained 2.4% on Euronext paris, while Boeing wins 1.6% in New York.

(Cyril Altmeyer; editing by Jean-Michel Belot)

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