15 FEBRUARY 2010
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BAE SYSTEMS may no longer build aeroplanes but they are certainly in the aircraft sales/leasing business with a large portfolio from a previous life and responsible for an increasing number of Airbus and Boeing equipment acting on behalf of third parties. As such BAE Systems Regional Aircraft is in a unique position of assessing the market which it does on an annual basis. Talking to the media (at London’s Foundling Museum – the subject of ON TOUR in a future AERBT issue) BAE noted that in 2009 global passenger traffic declined by 3.1% and cargo 15%. New aircraft orders totalled 664, the second worst since 1995, whilst there were 188 cancellations and 345 deferrals. Utilisation was down by an estimated 6% and at the end of the year there were 2,757 idle jets (up 258 on the previous year and global airline losses were said to be in the US$11bn region. In spite of all this nearly 1,100 passenger aircraft were delivered in 2009. www.regional-services.com
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