Airbus is prepared for possibility of economic downturn

08/16/2011 | Reuters

John Leahy, sales chief at Airbus, said the European plane maker would manage its order book as it did from 2008 to 2010 if the economy takes a turn for the worse. However, Airbus also expects demand for its medium-haul jets to allow it to keep pressure on Boeing. "I think Airbus will keep the production at least flat if not increasing during this period because of such demand from places like Asia, India and lower-cost carriers around the world," said Leahy.

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