Order cancellations are not a major risk factor for the aerospace industry this year, a senior Airbus executive said on Thursday, dampening concerns about a downturn in the aerospace industry’s cycle amid fragile global economies.
“The risk of order cancellations is not very high on our list of risks for this year,” Marwan Lahoud, executive vice-president of international, strategy and public affairs, told a briefing as head of France’s Gifas aerospace industry lobby.
On the challenges of increasing aerospace production to keep up with past strong orders, the head of French aerospace supplier Daher, Patrick Daher, said most companies had absorbed the investments needed to meet their production targets.
“The obstacles should diminish in 2017 compared to 2016,” he told the same briefing, referring to the risk of delays and quality problems that disrupted some deliveries last year.
Mr Lahoud declined to comment on Airbus deliveries.
* Reuters
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Price, base / as tested: Dhxxx
Engine: 5.7L V8
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How they line up for Sunday's Australian Grand Prix
1 Lewis Hamilton, Mercedes
2 Kimi Raikkonen, Ferrari
3 Sebastian Vettel, Ferrari
4 Max Verstappen, Red Bull
5 Kevin Magnussen, Haas
6 Romain Grosjean, Haas
7 Nico Hulkenberg, Renault
*8 Daniel Ricciardo, Red Bull
9 Carlos Sainz, Renault
10 Valtteri Bottas, Mercedes
11 Fernando Alonso, McLaren
12 Stoffel Vandoorne, McLaren
13 Sergio Perez, Force India
14 Lance Stroll, Williams
15 Esteban Ocon, Force India
16 Brendon Hartley, Toro Rosso
17 Marcus Ericsson, Sauber
18 Charles Leclerc, Sauber
19 Sergey Sirotkin, Williams
20 Pierre Gasly, Toro Rosso
* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice
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