Texas Pacific Group Founding Partner David Bonderman warned of the "deeply cyclical" nature of the airline business during the CEO Forum on Shaping the Air Transport Industry at the IATA AGM in Paris yesterday. "Although disguised by high fuel prices, this is about as good as it gets," he said, predicting that in two years time "we will see everybody cancel orders for over 1,000 new aircraft." Ironically, Bonderman also is chairman of Ryanair, which has outstanding firm orders for 143 ...

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