Airbus sees steep decline in orders for 2009

11/7/2008 | Wall Street Journal, The

Airbus says the global economic downturn will lead to a big decline in orders next year, though a large backlog will keep the company busy through 2011. "We don't need large orders next year," said COO John Leahy, noting the company has some 3,700 jets already in the pipeline. "We'd be happy with no orders." Leahy said Airbus customers have canceled about 100 orders so far this year, with about two-thirds of the cancellations coming from bankrupt Skybus Airlines.

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