Backlogs shrinking at the major OEMs | Aviation International News

Backlogs shrinking at the major OEMs

Six months ago, business aircraft manufacturers were publicly confident that their backlog of new aircraft orders stretching well into the next decade woul

By AIN Staff • AIN Staff

December 29, 2008

Six months ago, business aircraft manufacturers were publicly confident that their backlog of new aircraft orders stretching well into the next decade would provide a buffer to ease the industry through what was already flagged as an economic crisis. Today, cancellations and delivery deferrals are eating into those backlogs, and the OEMs are making adjustments that were only being hinted at two months ago.

In the fall of last year, even with a U.S. economy feeling serious pain, life was good. Or that was at least the image OEMs were presenting.

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