Financial Times FT.com

EADS warns of tough two years for industry

By Kevin Done in Paris

Published: June 14 2009 18:40 | Last updated: June 14 2009 18:40

EADS warned on the eve of the Paris air show that the next two years will become increasingly difficult for commercial aircraft makers, as airlines face rising losses and falling traffic.

Louis Gallois, EADS chief executive, said Airbus, the group’s commercial aircraft division, was already aiming to cut its previously planned output levels by 15-20 per cent.

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