A s the economic outlook continues to deteriorate into the worst post-WW2 recession, airlines in most regions and industry sectors are retrenching, cutting capacity by 5-10% this year. This leaves the tricky problem of the volumes of aircraft to be delivered this year. For the remainder of 2009 over 800 commercial jets are officially scheduled for delivery, about 4% of the global fleet. As the table below indicates, the manufacturers are quite heavily exposed to the Chinese carriers and in the widebody sector to Emirates. Of the carriers listed, only Ryanair (plus perhaps easyJet and Air Asia) is fully committed to growing throughout the recession.
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