Unless the Farnborough Airshow sees a cloudburst of unanticipated orders, the large jetliner industry will have its first year since 2009 with a book-to-bill ratio lower than 1-1. Through June, there were fewer than 450 net Airbus and Boeing orders. For an industry addicted to ever-higher record production rates and an average book-to-bill ratio of 1.8-1 in 2010-15, this is a troubling development, particularly with global political and economic uncertainty looming in the background. In ...

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