Summary
THE A320 aircraft, part-built in North Wales, has helped prop up Airbus through the recession, MPs were told last night. Gareth Williams, the company's head of research, told the powerful Commons Business, Innovation and Skills committee that falling profitability for airlines has led to some cancelling their orders after passenger numbers fell by seven per cent and freight demand slumped by 17%.
Airbus has managed to weather the current global economic storm because lead-times on orders are so long, the MPs heard.See the full content of this document
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Airliner Keeps Firm Flying High
The A320, Airbus' best selling single aisle aircraft, has prov...
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