Paris Air Show Preview: Airbus and Boeing down, Embraer up as dust settles from IATA AGM

Aircraft deferrals, delays and cancellations were a key theme at the recent IATA AGM, putting downward pressure on the share prices of Boeing and EADS' aircraft manufacturing unit Airbus. However, a bright side also emerged in the outlook for airframe manufacturers, with news that several carriers are presently in order negotiations, suggesting ordering in the second half of the year could be better than the dismal first half. While there are no suggestions that the Paris Air Show will see a repeat of the frenzied ordering of the past few years, several new orders are expected, including Qatar Airways and Etihad Airways, as the Gulf carriers continue their expansionist ways.