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Airbus Expects ‘Normal’ Corporate-Jet Sales Next Year

Airbus Expects ‘Normal’ Corporate-Jet Sales Next Year

Airbus SAS, the world’s biggest commercial planemaker, said demand for its corporate jets will recover next year as the global recession eases and the company wins more orders in China. “Next year is going to be a normal year,” with sales of about 20 to 30 planes, Vice President Francois Chazelle told reporters in Hong Kong today, without giving a 2009 sales forecast. “The market is bouncing back now after a slowdown in the beginning of the year.” The company also expects a few more orders in the second half as the global economy recovers and oil prices rebound, helping demand from the Middle East. The planemaker has also won 20 orders in China since 2005 because of a rising number of millionaires in the world’s fastest growing economy. “China is starting to take a bigger share” of sales, Chazelle said. Middle East demand “is still strong,” he added. The Gulf region accounts for about half of the planemaker’s 150 outstanding orders, Chazelle said. Airbus’s corporate jet unit offers models based on the planemaker’s commercial planes, running from the single-aisle A318 up to the double-decker A380.

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