Wednesday, September 5, 2012

No end yet to U.S. jetliner buying spree


And where is all of this money coming from?
Do I smell the aroma of Government?
Those defence cuts hit Boeing pretty hard, which means mass more unemployment.


U.S. airlines could place hundreds of orders for new jets on top of their recent wave of purchases -- leaving billions of dollars' worth of orders for U.S. manufacturer Boeing Co (BA.N) and European rival Airbus (EAD.PA) still to fight over.

After sitting out a boom in plane orders in the past decade to sort out chronic financial difficulties, carriers led by American Airlines plunged into the market last year to take advantage of fuel-saving models offered by Airbus and Boeing.

Senior planemaker officials said in separate interviews the so-called replacement cycle, in which airlines seek to drive down operating costs by switching to efficient and newer planes, had some mileage left to run in the key North American market.

Barry Eccleston, president and chief executive officer of