Enders: Airbus order cancellations no cause for alarm
Airbus Group CEO Tom Enders told investment analysts that he doesn't see an impending end to the upward cycle in demand for airliners despite the spate of order cancellations Airbus's civil division suffered during the first half of the year. Speaking during the company's quarterly earnings conference call, Enders, in fact, suggested that traditional cyclicality no longer exists in the form it once took, evidenced by the strong movement Airbus saw in its backlog and increasing deliveries during the global recession of 2008 and 2009.
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