DOWN
British Aerospace was one of the worst performers of the week, falling 6 per cent after a statement from Boeing, the world's largest aircraft manufacturer, which said the Asian economic slowdown will result in about 150 fewer airplane orders for all manufacturers during the next five years. Ten days ago Boeing said it would cut production of its jumbo 747s by 30 per cent next year, also due to slowing demand from Asia. British Aerospace supplies parts to Boeing. On Friday Indonesia's Nusantara Airline said it had returned 17 of its leased planes as part of the cutbacks forced by the country's economic crisis, confirming the problems for the major airline producers.
Copyright: IOS & Bloomberg
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