In 2012, deliveries of large commercial jets manufactured by Airbus and Boeing exceeded $88 billion in value, at estimated prices, up 57% since 2008. During that same four-year period, the global economy had its worst years since World War II. The macroeconomic recovery has been anemic, and demand for air travel only marginally better. While airline revenue passenger kilometers grew 6.9% in 2010 following a 3.5% decline in 2009, growth eased to just 5.3% in 2011. So why are OEMs thriving ...


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