Retrofit demand will drive seat market growth
Recaro Aircraft Seating anticipates even faster growth of its seat business in the coming years as demand for retrofits picks up. “The retrofit market is coming back,” Recaro CE Mark Hiller said Saturday. Even if airlines decide to reduce capacity expansion because of higher fuel prices or other reasons Hiller said he does not see growth in the seat market flattening. Recaro’s revenues have grown by around 10% annually over the past few years. Hiller expects that rate to accelerate to around 15% in 2018 and beyond. The company’s focus historically has been supplying economy-class seats for short- and long-haul markets, but it is expanding into the business class segment, where it sees good margins despite more complexity and customisation. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-04/general/retrofit-demand-will-drive-seat-market-growth
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Retrofit demand will drive seat market growth
Recaro Aircraft Seating anticipates even faster growth of its seat business in the coming years as demand for retrofits picks up. “The retrofit market is coming back,” Recaro CE Mark Hiller said Saturday. Even if airlines decide to reduce capacity expansion because of higher fuel prices or other reasons Hiller said he does not see growth in the seat market flattening. Recaro’s revenues have grown by around 10% annually over the past few years. Hiller expects that rate to accelerate to around 15% in 2018 and beyond. The company’s focus historically has been supplying economy-class seats for short- and long-haul markets, but it is expanding into the business class segment, where it sees good margins despite more complexity and customisation. <br/>
