The 2009 Paris Airshow provides a window on current trends and the outlook for the global aeronautics industry, notably on how the aero world is dealing with the crisis and how it considers its future. The biannual Air Show, which took place from 15-21 June 2009 at Le Bourget, Paris, was the largest in its 100 year history and establishes it clearly as the largest airshow in the world.
The financial press is quite pessimistic about the current situation of the sector, providing sometimes catastrophic figures and forecasts. The ball is now in the camp of the major aeronautical corporations that determine the health of the whole sector. Those giants have to carefully plan their next move, in order to overcome the hard times and get even stronger afterwards.
The two major plane manufacturers are both facing a decline in orders, but they each will try to overcome this obstacle in a different way. Airbus will once again benefit from a huge repayable launch aid from European governments. In order to develop their new A350 model, the European group will receive 3.5bn in total from the governments-France (1.4bn), Germany (1.1bn), Spain (1bn) and the UK (1bn).
On the other side of the Atlantic, Boeing has decided to adopt quite a different policy. The Chicago-based company has decided to help some of its most important suppliers. Thanks to this financial aid, Boeing prevents these suppliers from having delays or even going bankrupt. Such a situation could be fatal for Boeing as its new 787 Dreamliner is already two years late.
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The 2009 Paris Airshow provides a window on current trends and the outlook for the global aeronautics industry, notably on how the aero world is dealing with the crisis and how it considers its future. The biannual Air Show, which took place from 15-21 June 2009 at Le Bourget, Paris, was the largest in its 100 year history and establishes it clearly as the largest airshow in the world.