Sizeable Order Backlog Masks Potential Value Weakness
The significant backlogs recorded by the principal manufacturers as of March 31st 2011 continue to obscure profound uncertainty surrounding the values of narrowbodies. At the end of March 2011, Airbus still had a backlog of 3,434 and Boeing a remarkably similar 3,445. This compares with a backlog of 3,693 and…
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