- Title: FRANCE: PARIS AIR SHOW
- Date: 17th June 2001
- Summary: (W6) LE BOURGET AIRPORT, NEAR PARIS, FRANCE (JUNE 17, 2001)(REUTERS - ACCESS ALL) 1. LV/SLV VARIOUS OF AIRSHOW AND VISITORS (2 SHOTS) 0.28 2. TV CROWD AT AIRSHOW (3 SHOTS) 0.58 3. SLV/CU/SV OF FALCON PLANES/INFORMATION BORAD ABOUT FLACON (7 SHOTS) 1.47 4. TV OF AIR SHOW 1.58 5. SV PEOPLE LOOKING AT AIRCRAFT 2.05 6. SLV/PAN AIRBUS A340 600 (2 SHOTS) 2.59 7. SLV AIRBUS FLYING 3.14 8. AIRBUS A 380 VIDEO RELEASE, EXTERIOR AND INTERIOR PASSENGER CABIN 3.43 9. SLV/SV OF A380 MODEL (2 SHOTS) 3.56 10. LV RUSSIAN SUKOI FIGHTER JET IN DISPLAY 4.40 11. SLV SUKOI 26 BEING ROLLED ALONG AMONGST VISITORS ON TARMAC (2 SHOTS) 5.12 Initials Script is copyright Reuters Limited. All rights reserved
- Embargoed: 2nd July 2001 13:00
- Keywords:
- Location: LE BOURGET, NEAR PARIS, FRANCE
- Country: France
- Reuters ID: LVA8OA9F0J3PGYF29M4ARUUQ8PSJ
- Story Text: Crowds have poured through the turnstyles to get a
glimpse of the biggest aeronautical and space show in the
world. The 44th Paris Air Show at Le Bourget has opened its
gates for the first of three public open days.
But while the show may be a great attraction for onlookers
it's a telling time for industry.
In an industry climate marked by a wave of
restructuring and merger-buyouts designed to create
international groups, the 44th Paris Air Show opened its doors
to the public on Sunday (June 17) for the first of three days
only. Next weekend will also be open to an expected total
crowd of around 300,000 who have the passion without the purse
to buy the world's leading aeronautical developments, while
the rest of the show is devoted to those who do.
The biggest aeronautical and space show in the world Le
Bourget showcases the latest and greatest in communications,
robotics, metals and materials, on-board cabin comforts and
everything associated with the business of aviation. The size
of the show is a mark of just how competitive the industry has
become.
Europe's Airbus put a brave face on slowing demand for new
aircraft, as orders at the Paris air show looked set to fall
far below those booked by Airbus and U.S. rival Boeing a year
ago at the Farnborough air show in Britain.
Airbus executives confirmed that weakness stemming from
the global economic slowdown, which has hit airline profits,
was being felt by the company.
At the Farnborough air show last July, Boeing Co and
Airbus Industrie unveiled a staggering 362 orders for new
planes valued at nearly 32 billion U.S. dollars at list
prices. Few experts foresee the same sort of bonanza at Le
Bourget.
Airbus however plans two separate new order announcements
on Monday (June 18) at the show, including for its narrow-body
A318 aircraft.
Prospects are looking better in the business jet sector.
United Airlines parent UAL Corp awarded General Dynamics'
Gulfstream Aerospace division a contract to build and service
12 planes for its new BizJet venture and took out options on a
further 23 aircraft.
If the options are exercised, the deal would be worth
around 1.25 billion U.S. dollars, the companies said.
France's Dassault Aviation announced at the air show on
Saturday (June 16) that BizJet planned to order 40 of its own
Falcon business jets and take out options on an additional 60
-- an order that could reach 2.5 billion U.S. dollars if the
options are exercised.
The business jet market has exploded since the early
1990s, helped by a growth in fractional ownership, which has
made owning a private jet affordable to a greater number of
people.
Two hundred and forty two aircraft are on display until
the Paris Air Show closes on June 24.
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