11 January 2018
FlightGlobal reports that an Oxford Economics study predicts “multiple years of robust expansion” in the aerospace industry “until the end of the decade.” US suppliers are expected to lead a period of “steep” growth based on data including “order backlogs, production ramp-up plans by Airbus and Boeing, low fuel costs, and ‘continued passenger growth [and] strong ongoing momentum in world trade, with a knock-on boost to air freight.’” The US aerospace industry is “projected to grow 2.9% this year, and 3.4% in 2019 and 2020.” The UK industry is estimated to have grown by 9.2 percent in 2017, “the fastest growing aerospace market among the G7 countries.” The study also “foresees growth across the eurozone accelerating to 3.4% in both this year and in 2019, and to 3.5% in 2020.” Brazil and Russia also are expected “to see a turnaround in their fortunes.” (Image Credit: Associated Press–©)
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