Last year's record orders for Airbus and Boeing nearly doubled the backlog for both and will put the industry on a vast capacity expansion over the next five years as the deliveries play out. In the Asia-Pacific region, this boost is a payoff to increased liberalization and reflects the advent of budget carriers. But it's hard to see the purchase pace being sustained. In large markets such as China, where there is already evidence that some Boeing 787 orders are soft, and India, ...


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