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No order cancellations for Airbus
October 28, 2008
Louis Gallois, chief of European aerospace group EADS, released a statement on a French radio station last Tuesday. Gallois said that aircraft manufacturer Airbus has not encountered cancellations, unlike other manufacturers, in lieu of the global financial crisis.
The chief said, however, the crisis could affect purchases of helicopters, satellites, and other military equipment.
“We all know that we are heading towards a very broad economic slowdown… It is clear that it will have consequences on airlines or purchases of helicopters, perhaps even on the budgets of certain states and their orders of satellites or defence equipment," Gallois told the French radio station (RFL).
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