Many industry observers (including this author) are surprised by the resilience of air transport production rates following the Great Recession. How can Boeing and Airbus possibly increase production rates while most capital goods industries—including business aviation—experience production rate declines of 20% or more? One factor underpinning the confidence of original equipment manufacturers is robust long-term air travel growth projections; most forecasts call for 4.5-5.5% annual ...
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