SINGAPORE - The global economy may be climbing out of recession but the air transport industry does not expect any significant pick up in orders this year, executives said on Wednesday. "Cautious optimism" is the dominant phrase at the Singapore Airshow this week, the first major industry event of the year after a wretched 2009, when aircraft orders at both Boeing and Airbus were the worst in 15 years. Amid a dearth of orders at the air show, both...
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