Charting a course in troubled skies
Editor's Note: The aviation industry has entered a period of turbulence stirred by the emerging global financial crisis. Airlines are already suffering from sky-high oil prices and the global airline industry is expected to post losses of $5.2 billion in 2008, according to the International Air Transport Association. The global economic slowdown has also led to a decline in consumer confidence, which means people are tightening their purse strings as they have less disposable income to spend on travel.
How will the financial crisis impact on aircraft manufacturers? Thomas Enders, Airbus president and CEO, recently talked to China Daily reporter Lu Haoting about the economic turmoil and China's role in Airbus' internationalization strategy.
Q: As the US financial crisis threatens the global economy, how will the aviation industry be affected?
