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Threat to aircraft orders as fuel prices soar.

Seems flyers are going to have to curb their excessive wander lust in
the not too distant future. Also, does this mean there will be no
Heathrow third runway? I certainly hope so!

"More than $100 billion (£50.2 billion) of aircraft orders could be
cancelled or postponed in the next couple of years as the high price
of fuel drives airlines into bankruptcy or forces them to cut
spending.

Analysts estimate that 20 to 30 per cent of the $530 billion order
backlog held by Boeing and Airbus, the aircraft manufacturers, could
be cancelled or delayed as the aviation industry heads towards a
winter of turmoil. These cancellations would have a significant impact
on aerospace suppliers such as Rolls-Royce, the engine maker..."

"..The high price of fuel has already forced more than 20 airlines
worldwide out of business and many more are expected to enter
bankruptcy this year as their costs rise and passenger demand drops
because of the economic slowdown in the United States and Europe..."

More:

http://business.timesonline.co.uk/tol/business/industry_sectors/engineering
/article4327146.ece

--
UK Radical Campaigns
www.zing.icom43.net
Travel broadens the damage.

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