December 21, 2008

Now this is wonderful - another bubble?

From the Seattle Times:
Dreamliner is key for Boeing as industry faces possible downturn
While the year ahead for the broad economy looks frightening, the aerospace sector should fare better than most in 2009.

Savor the good news while it lasts. After next year, the industry could slide into a trough.

There will be bright spots in 2009: The 787 Dreamliner should finally fly by next summer.

Despite a steep decline in air travel, U.S. airlines forecast a modest 2009 profit after years of losses.

And though Boeing won't deliver any Dreamliners in 2009, it should roll out about 480 other airplanes for the year.

However, as airlines line up to defer or cancel orders, an aviation bust further out is now clearly on the radar.

Aerospace analyst Richard Aboulafia, of the Teal Group, expects the downturn to hit Boeing in 2010 and last at least three years — and that's his optimistic forecast.
Just what we need -- another drain on the economy... Posted by DaveH at December 21, 2008 3:39 PM | TrackBack