A popular discussion topic at this year’s Paris Air Show was the magnitude of the jetliner order backlog, which added another $100 billion (at list prices) in a few days. “Is this a bubble?” was a common question as aircraft OEMs contemplated ever-higher production rates and supplier angst grew.  From my vantage point, it is clear that we are in an order super cycle that has been buttressed by two key macroeconomic trends: high fuel costs and cheap capital. The super ...


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