Airbus, Boeing: Jet Orders At Peak, Demand To Dwindle In '08

Bloomberg:

Airbus SAS and Boeing Co., the world's two largest planemakers, said 2007 will prove a peak year for orders, beating a record set in 2005, before demand dwindles to more ``normal'' levels in the next 12 months.

Airbus and Boeing won contracts worth $70 billion at the Dubai Air Show over the past four days. Airbus sold 297 jetliners and Boeing 155, putting the pair on course to exceed 2005's 2,057 orders. The combined tally may be about 800 to 1,000 next year, Airbus sales chief John Leahy said in an interview, marking a return to ``trend levels.''

Read the whole story: Bloomberg