Aviation Industry Set for Torrid Growth in 2008
The aviation industry is poised to continue its unprecedented winning streak in 2008, according to experts. However, as a new year begins, new questions are emerging. A forecast will be at the top of the agenda during a forthcoming webinar: The Aviation Crystal Ball: Predictions and Analysis for 2008.
Washington, DC (PRWEB) January 17, 2008 -- The aerospace industry is poised to continue its unprecedented winning streak in 2008, according to experts, although recessionary clouds are beginning to dampen prospects for the future. While aerospace sales have grown every year since 2003, and the airline industry is desperate for a modernized fleet that would cut fuel consumption, analysts project further overall growth in sales to $210 billion in 2008.
Even so, as a new year begins, new questions are emerging and at the top of the list is whether or not consumer spending will forestall a recession. So far commercial bookings look strong, but spending is weakening suggesting a questionable year in which consolidation is all but assured. A forecast will be at the top of the agenda during a forthcoming webinar: The Aviation Crystal Ball: Predictions and Analysis for 2008.
Sponsored by Aviation Today, the webinar is scheduled for Thursday, January 31, 11:00 a.m. - noon (ET). The webinar's speakers will include Richard Aboulafia, vice president, Teal Group, and Michel Merluzeau, principal, G2 Solutions. They will discuss how double-digit growth in both the civil and military aircraft sectors fueled the fourth straight year of growth in the United States aerospace industry, which logged sales of nearly $200 billion in 2007. The civil, military, space, missiles and related products sectors increased eight percent over 2006 to $198.8 billion in 2007.
This pace of growth is expected to continue well into 2008. Whether the topic is avionics, maintenance, composites, or "green aviation", air transport has not only undergone enormous expansion, but sweeping transformation as well.
To register or for more information, click here http://www.aviationtoday.com/webinars/2008_0131.html.
Aboulafia and Merluzeau will discuss:
| | - Who will pull ahead in the competition for primacy, Boeing or Airbus? How will Boeing's latest supply chain problems with the 787 Dreamliner affect the company?
- What are the new, paradigm-shifting technologies that are on the verge of shaking up the status quo?
- How will concerns over global warming affect air transport?
- How are aviation companies planning to cope with fuel costs?
- Which niches - regional aviation, training, military transports, etc. - are poised for outsized growth? Which are heading for a trough?
- Which regions will grow the fastest, and which ones will slow down? If certain once-hot regions cool off, what are the ramifications for aviation OEMs, suppliers, and sub-contractors? Who stands to gain in the new economic climate - and who stands to lose?
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To register for this webinar or for more information, click here http://www.aviationtoday.com/webinars/2008_0131.html.
Contact: John Persinos jpersinos @ accessintel.com
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