Fears Of An Aircraft Order Bubble

It is a truism of statistics that two people can study the same data and see radically different outcomes. Such is the case with the large commercial jet market. First, the facts: Airbus and Boeing took more than 2,200 net orders in 2011, twice the level of 2010 and far above the 1,011 jets they delivered. The two airframers are sitting on backlogs equivalent to about seven years’ worth of output. And ...

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