Plane makers seek to reassure suppliers on delivery schedules

06/19/2009 | Bloomberg

Suppliers to Airbus and Boeing Co. are skeptical that the big aircraft makers can sustain production levels in the face of a global travel downturn. Despite airline losses of $10.4 billion last year, the manufacturers plan to deliver 960 aircraft in 2009 and have yet to announce any significant cuts for 2010. But with lead times of up to two years, suppliers are wary of sudden, costly cutbacks. "There is raging skepticism because there is no historical precedent for the ability to do what they're suggesting to do," says Clay Jones, CEO of Rockwell Collins Inc.

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