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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (576738)	7/18/2010 12:35:19 PM
From: tejek	Respond to of 1570634

Airbus’s Leahy Says 2010 Jet Orders to Double at Show July 18 (Bloomberg) -- Airbus SAS, the world’s largest aircraft maker, can double its 131 first-half orders during this week’s Farnborough Air Show as global travel rebounds, Chief Operating Officer John Leahy said. “You’ll be surprised by some of the announcements we’ll make,” Leahy said at a press conference in London yesterday. “The world economy is turning around. We’re tracking this every month. Traffic is back both in the front of the aircraft and in the back.” Leahy predicted more orders for the A380 this year, after Emirates Airline agreed to buy 32 more last month to bring its backlog to 90. The world’s biggest passenger jet is attractive to Emirates because the carrier can connect 95 percent of the global population through its Dubai hub, Leahy said. Airbus and Boeing Co. are both signaling optimism about a revival in orders after airlines and leasing companies grounded older planes and deferred purchases during the recession. The biannual Farnborough event near London is the industry’s biggest showcase, with exhibitors from 38 countries signed up to attend. Market Rebound “The market’s coming back,” said Louis Gallois, chief executive officer of European Aeronautic Defence & Space Co., the parent of Toulouse, France-based Airbus. “We have a backlog that looks good, we have lots of visibility and sense more and more that companies are interested.” The A380, which typically seats more than 500 passengers, is flown by four other carriers besides Emirates, according to Airbus’s website. They are Singapore Airlines Ltd., Deutsche Lufthansa AG, Qantas Airways Ltd. and Air France KLM Group. Airbus delivered its 10th A380 for the year last week, and plans to hand over more than 20 in 2010. Leahy said the jet is sold out until 2015, and that the program will likely break even a year before then. Boeing, which was overtaken by Airbus as the leader in commercial sales in 2003, said it increased its internal order forecast and expects to sign accords with some new clients at Farnborough. “It’s significantly more than we forecast at the beginning of the year,” Jim Albaugh, the head of Boeing’s commercial unit, said in London today. The company has raised its internal order forecast twice this year. Boeing Order Boeing is set to win an order from Emirates, according to two people familiar with the agreement. The carrier and the planemaker will announce an order for about 20 widebody 777s tomorrow, said one of the people, who asked not to be identified because the deal hasn’t been announced. The jets would be valued at almost $5 billion at list prices. “I would have told you maybe four, five months ago that maybe we wouldn’t have announced many orders, if any, at the air show,” Albaugh said earlier today at Farnborough. “Now we’re going to announce quite a number.” He wouldn’t give details beyond saying that Boeing and Airbus would have “more orders announced than anyone would have expected.” Leasing companies that held off on orders during the recession are likely to be buyers. Steven Udvar-Hazy, who left International Lease Finance Corp. this year to form Air Lease Corp., has said he has $3.3 billion in financing and has begun acquiring aircraft. businessweek.com

To: i-node who wrote (576738)	7/18/2010 12:35:55 PM
From: tejek	Read Replies (2) \| Respond to of 1570634

The rich have grown too rich in this country. It is a useful tool to reduce the tendency for wealth to concentrate in fewer and fewer hands. As usual you have no idea what you're talking about. There is no evidence the estate tax does anything about this, whatsoever. Prior to the estate tax there were wealthy families. And there have been wealthy families since its inception (You might want to have a look at the Kennedys as one example). One more subject you know less than nothing about.