As the industry gathers here for Farnborough 2010, it will look back at a two-year downhill slide from the peak of its business cycle. The question is, has it reached the bottom of the descent. The two commercial giants, Airbus and Boeing, are guardedly optimistic that, at least in global terms, the worst is over. At best, however, there will likely remain pockets of economic discomfort—such as tightening defense expenditures within Europe and the U.S. The risk of a double-dip ...

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