Airbus and Boeing may face cancellations, warn analysts.
AIRLINES around the worlds have ordered too many new aircraft from Airbus and its American rival Boeing, says industry analysts.
Switzerland-based global financial services firm UBS said even assuming high levels of future growth in air travel many of the two manufacturers' top customers appear to have too many new airliners on ords er ands some may have to be cancelled or deferred.
In particular UBS claims that airliners have heavily over ordered Airbus' new A350 and Boeing's new 787 Dreamliner - both wide-bodied, long haul next generation jets.
Manufacture of the wings for the A350 is due to start at Airbus' new North Factory at Broughton, near Chester, within a matter of months, in a move being supported with a pounds 340m UK Government loan.
The project is expected to support more than 1,000 jobs at the Broughton site which is the company's UK centre of excellence for the manufacture of wings.
The analysts focused on the top 100 airline customers, accounting for an estimated 70% of Airbus and Boeing''s combined order backlog of nearly 6,800 aircraft and roughly 60% of the two plane makers' scheduled deliveries over the next five years.
"Our analysis reveals that many of Airbus' and Boeing's top customers appear to have over ordered, even after assuming future growth at high levels, which could result in additional deferrals and cancellations and, at minimum, likely yields few orders from what have been the manufacturers'' largest customers," UBS analysts, led by David Strauss, wrote in the report.