New markets ease ‘peaks and canyons’ in EADS’s long-term fiscal landscape
At a recent seminar on “mobility and sustainability” in air transport, held at EADS’s Astrium site in Bremen, company CEO Louis Gallois confidently d
At a recent seminar on “mobility and sustainability” in air transport, held at EADS’s Astrium site in Bremen, company CEO Louis Gallois confidently dismissed fears relating to an economic downturn.
“In the past we had only one big market; it was Europe and North America,” he said. “It was one market with the same cycle. It was a very brutal cycle with peaks and canyons. Now, in addition to the European and North American market cycle, which is presently not the most ‘alive,’ there is another market: the Middle East and Asia. These markets are not dependent but autonomous and we don’t see that the second market is suffering from the economic downturn. So from now on we don’t expect to have peaks and canyons, but more hills and valleys.”
