This is the 100th Paris Airshow but the aviation industry has little to celebrate. The grey weather here at Le Bourget really sums up to mood of most CEOs in the industry and it's extremely unlikely that we will see the flurry of aircraft orders normally associated with the event. The tragic news associated with Air France 447 is also casting a long shadow and is likely to dominate many of Airbus' scheduled events.
That said, there is some talk of recovery and Scott Carson the CEO of Boeing Commercial told me earlier that he is looking for a bounce in 2010. However, he admits there are many significant potential problems to be overcome before that happens.
With the price of oil rising and credit remaining tight, he says airlines are going to find it hard to make a profit and most won't be looking to spend what cash they have on new aircraft. Even Middle East carriers such as Emirates won't be making a splash though look out for a sizable order from Qatar.