Europe's aerospace giant Airbus said on Wednesday it sees a recovery in global traffic volume in 2010, saying the global economy has already recovered from a recession.

Everybody was talking about recession... but we actually think we are coming out the other side, Airbus sales chief John Leahy told reporters at the Singapore Airshow.

A drop in global passenger demand led Airbus, a unit of Aerospace and Defense giant EADS , and rival Boeing face their worst annual orders last year in at least 15 years.

(Reporting by Harry Suhartono and Mariko Katsumura, editing by Saeed Azhar)