February 4, 2010 / 12:50 AM / 9 years ago

Airbus says orders won't pickup for 2 more years-paper

SINGAPORE, Feb 4 (Reuters) - European planemaker Airbus does not expect plane orders to pick up for two more years, its chief executive said in remarks published on Thursday.

“Overall, we won’t see orders pick up till 2012, so we still have two difficult years ahead,” Tom Enders told the Business Times, a Singapore-based business daily.

He said in the meantime Airbus’s priority is to handle its huge backlog of 3,400 planes.

Enders also said Airbus is well-placed to survive a couple of years with low orders intake of around 300 planes.

His comments came after Airbus officials said on Wednesday overall orders for aircraft in 2010 are only likely to be around 250-300 against 310 last year. [ID:nSGE61205K]

Airbus, a unit of aerospace and defense group EADS EAD.PA, and rival Boeing (BA.N) saw their worst annual orders last year in at least 15 years due to a drop in global passenger demand. (Reporting by Saeed Azhar; Editing by Anshuman Daga)

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