Record orders at Paris Air Show

   
   

Paris Air Show

Airbus set a new record at the 49th Paris Air show after taking orders and commitments for 730 airliners worth an estimated AUD72billion.

The most popular was the A320neo family by winning an unprecedented 667 commitments worth around US60.9billion.

 Since its launch in 2010 a total of A320neo has reached 1,029 units, making it the best selling airliner in the history of commercial aviation.

 “Le Bourget 2011 is a strong confirmation of our product strategy and with over 1,000 commitments just half a year after launch our A320neo is a real bestseller,” Airbus President Tom Enders said.

Some of the biggest buyers included Malaysia’s Air Asia who said they will purchase 200 aircraft.

However, according to industry pundit George Hamlin some of the orders have an air of irrational enthusiasm.

“It’s very possible that we’re seeing some irrational ordering going on, if history is any guide, not all the new entrants will be around in ten years,” Mr Hamlin told Beyond Bricks.

Richard Aboulafia, of the Teal Group aviation and defence consultancy said, “Airline orders are only as rational as the delivery schedule.”

“If an airline makes money, it orders planes and if it goes on making money, it takes delivery of those planes.”

Mr Aboulafia also warns airlines need to be aware and consider the effect that fast growing high-speed rail services will have to the industry.

Source = e-Travel Blackboard: S.P.
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