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Airbus Banks On Narrow-Bodies To Lead Recovery In Middle East
Airbus believes that Middle East operators will begin ordering narrow-body planes well before new wide-bodies are purchased as the aviation industry begins to drag itself out of the coronavirus crisis. The pandemic virtually put a stop to aircraft orders and deliveries in Q2 as international travel restrictions caused passenger demand to evaporate and airline revenues and cash reserves to nosedive. Mikail Houari, Airbus’ Middle East and Africa president, has said that the planemaker expects air…
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