CORRECT: Airbus: Expect Global Market Share Around 45%-50% Next 10 Years
March 07 2011 - 2:37AM
Dow Jones News
European commercial aircraft manufacturer Airbus said Monday it
expects to maintain its global market share for commercial aircraft
sales at 45% to 50% over the next 10 years, despite new entrants to
the industry.
Chris Emerson, Airbus' senior vice president of product strategy
and market forecast, told a news conference in Hong Kong the
company sees continued expansion in air traffic demand in the
Asia-Pacific region, forecasting growth at 5.8% each year through
2029.
The Toulouse, France-based company, a division of European
Aeronautic Defense & Space Co NV (EAD.FR), is on track to
deliver China Southern Airlines Co.'s (1055.HK) first A380
wide-body aircraft in the second half, Emerson said. China Southern
is the only Chinese airline to have ordered the superjumbo
aircraft.
Separately, Airbus said Monday it has appointed a unit of
aircraft maintenance provider Hong Kong Aircraft Engineering Co.
(0044.HK) to outfit the cabins of the plane maker's corporate jets.
Haeco, a unit of Swire Pacific Ltd., is the first Asian company
appointed by Airbus to help outfit such cabins.
-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002;
joanne.chiu@dowjones.com
Swire Pacific (PK) (USOTC:SWRAY)
Historical Stock Chart
From May 2024 to Jun 2024
Swire Pacific (PK) (USOTC:SWRAY)
Historical Stock Chart
From Jun 2023 to Jun 2024