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Airbus parent EADS still optimistic but shares fall, Boeing & Embraer follow – Share Wrap

Analysis

Shares in aerospace manufacturers EADS (parent of Airbus), Boeing and Embraer continue to show weakness. EADS officially stated yesterday that Airbus targets "up to 300 new gross orders in 2009, even if it is becoming more challenging in the current market environment" (ie a further downwards revision is possible). The company had an earlier target of 300-400 gross orders for 2009. But head salesman, John Leahy, conceded earlier in the week that the current pace of orders suggested the target would be hard to reach. Mr Leahy told Reuters, "I don't think it will be less than a hundred [gross orders], but if you had to bet today, you would probably bet on fewer than 300".

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