easyJet boss - worst of recession over
27.11.09
The Chief Executive Officer of easyJet has said that he believes the worst of the recession is over for the aviation industry, but warned the recovery would be slow, Reuters reports. Andy Harrison told the news agency in an interview: ‘I think the worst is over but I don't see any improvement either. We expect demand to be stable for the next nine months at least. Winter will be a continuation of what we have seen, with weaker consumer demand.’
Mr Harrison said the airline, which uses Airbus aircraft, would not cancel any of its existing aircraft orders, despite the sluggish demand forecast. He said: ‘We have got around 70 new committed aircraft deliveries over the next three years and they will go ahead.'
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