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As Airbus raises alarm, Boeing has problems

Airbus, the large European airplane manufacturer, says that as much as one-third of its back orders are at risk. Things in the airline industry have gotten that bad, primarily because of the rising price of fuel.

According to Bloomberg, "Airbus has a record 3,663 planes in its backlog, worth 350 billion euros ($557 billion) at list price."

Last week, Boeing (NYSE: BA) gave an upbeat assessment of the sales trends that will keep the company successful over the next two decades. The firm did not indicate that the next few years may be a considerable threat to its revenue. Boeing may, in the end, find that its view of the aircraft market is wrong.

Shares in Boeing are already near a 52-week low, trading at $63.28, well down from the period's high of $107.83.

If Airbus's analysis of the market is right, Boeing could go much lower.

Douglas A. McIntyre is an editor at 247wallst.com.

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Last updated: September 07, 2008: 09:48 PM

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