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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Airbus chief sees 50-60% drop in world aircraft sales AFP - Monday, January 26 RIYADH (AFP) - - World demand for new aircraft could plunge 50 to 60 percent in 2009 due to the global economic crunch and tight credit, Airbus chief executive Thomas Enders said in the Saudi capital on Sunday. Speaking at the Global Competitiveness Forum in Riyadh, Enders said buyers even in buoyant markets like the Gulf, one of the main venues for aircraft sales in 2007-2008, were drying up. "We are struggling to get financing for our customers," said Enders, adding that the European firm Airbus is preparing for a long downturn. Earlier this month, Enders warned that the number of deliveries this year would surpass the number of orders for the first time since 2003. Airbus delivered 483 aircrafts in 2008, and won 777 net orders valued at 100 billion dollars, the company's website said. Rival US manufacturers Boeing delivered 375 aircrafts in 2008 while it received 662 orders. Global sales of large new aircrafts was about 1,400 units in 2007. In July, when oil prices reached record prices, Airbus struck deals to sell eco-friendly passenger jets worth 15.2 billion dollars (9.5 billion euros) to mainly cash-rich Arab states in the Gulf. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo In 2008, Airbus made bold predictions for the global aircraft market from 2007-2026. Airbus chief executive Thomas Enders has warned that global demand for new aircraft could plunge 50 to 60 percent in 2009 due to the global economic crunch and tight credit. Most Popular – Top Stories Viewed Child matador kills six bulls in Mexico 'Dogs don't wear condoms,' says Baywatch star Anderson Ring of fire: Indian Ocean to see solar eclipse Hudson 'miracle' pilot gets hero's homecoming World crisis deepens as downturn bites in Asia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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