Analysts, aircraft makers split on cancellation outlook

04/9/2009 | Reuters

Analysts predict more airlines may be forced to cancel orders for new aircraft, despite the economic and environmental benefits of a younger fleet. "Once (airlines) start looking at what they need for the future and trying to preserve as much cash as they can, I think it's quite possible we'll see some major order deferrals if not outright cancellations," says Jim Corridore of Standard & Poor's Equity Research. Five of the six largest U.S. carriers have deliveries scheduled for 2009, and an Airbus spokesman noted on Wednesday that his company "has not had any specific U.S. airline cancellations in recent months."

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