AIRSHOW-CFM engine maker upbeat on commercial recovery

FARNBOROUGH, England, July 17 (BestGrowthStock) – Emerging markets
and low-cost carriers are driving a rebound in commercial
aviation — where opportunities now outweigh the risks as
economies recover, the head of the world’s top engine firm said.

In a key sign of recovery, the recently battered industry is
seeing the first signs of return to service of planes mothballed
during the financial crisis, Eric Bachelet, president of CFM
International told journalists ahead of the Farnborough Airshow.

CFM, co-owned by General Electric (GE.N: ) and France’s Safran
(SAF.PA: ), is the world’s largest producer of civil jet engines.

“We are seeing very encouraging short-term signals for our
industry,” Bachelet said.

Emerging markets and low-cost airlines are the main forces
behind the recovery, with average annual trafic growth rates of
some 6 percent, Bachelet said.

AIRSHOW-CFM engine maker upbeat on commercial recovery