Jetmakers hunt for new growth as order binge fizzles out
Plane giants are preparing to squeeze the last drop out of a once raging torrent of airplane orders without the razzmatazz of recent years, as the aerospace industry heads to a belt-tightening Paris Airshow looking for new sources of revenue. The June 19-25 gathering takes place against the backdrop of surprisingly strong airline traffic driven by economic growth, but a steep drop in the appetite for new planes following robust demand for the latest fuel-efficient models in recent years. Instead, many firms will talk up efforts to extract new revenues out of powerful data-crunching services. The meeting also comes amid tensions in the Gulf over a transport and economic boycott of Qatar that is fuelling questions over the resilience of a major source of demand. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-16/general/jetmakers-hunt-for-new-growth-as-order-binge-fizzles-out
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Jetmakers hunt for new growth as order binge fizzles out
Plane giants are preparing to squeeze the last drop out of a once raging torrent of airplane orders without the razzmatazz of recent years, as the aerospace industry heads to a belt-tightening Paris Airshow looking for new sources of revenue. The June 19-25 gathering takes place against the backdrop of surprisingly strong airline traffic driven by economic growth, but a steep drop in the appetite for new planes following robust demand for the latest fuel-efficient models in recent years. Instead, many firms will talk up efforts to extract new revenues out of powerful data-crunching services. The meeting also comes amid tensions in the Gulf over a transport and economic boycott of Qatar that is fuelling questions over the resilience of a major source of demand. <br/>