HAL is major beneficiary of latest Indian procurement approvals
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
PARIS 2009: 'We are all in this together,' says Enders
Airbus wants to repeat its record deliveries in 2008 but isn't ramping up production as originally planned.
Speaking at the Paris Air Show, President and CEO Tom Enders said the company was going through a process of 'prudent adaptation' to remain stable during the economic crisis.
"We are all this together, with our customers and our suppliers," he said, "we are doing everything to make the this recession as smooth as possible for the company, its partners and customers.
The company had been hoping to ramp up production particularly of the single-aisle A320 family to 40 aircraft per month, but production rates have been held back, and currently stands at at 34 single-aisle A320s per month, 8.5 widebody A330s/A340s monthly, while 14 A380s to be built during the next 12 months.
Enders said the future for Airbus is good, with sufficient ongoing demand to fill orders for its eco-efficient aircraft. Airbus' current focus is on transitioning its order backlog into deliveries, and Enders expressed confidence the air transport sector will remain a long-term growth industry with strong underlying demand.
This was no doubt aided by several orders announced today, including an order by long-haul, long-fare carrier AirAsia X who placed a firm order with Airbus for 10 A350 XWB aircraft while Cebu Pacific of the Philippines increased its outstanding A320 orders to 15, with a new firm order for five aircraft.
The company is celebrating 40 years of aircraft production and is holding a special air display at Le Bourget tomorrow featuring the A300, A320 and A380.
By Tony Osborne - LARAnews.net Editoral Team, Paris
(Picture courtesy: Airbus)
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