According to the
2015 Aerospace Outlook conducted by CIT, aerospace executives are optimistic about the short-term prospects of their industry, but looming interest rate hikes and fuel price volatility are compelling them to act. Here's what the study found:
Preparing for Rising Interest Rates:
Fuel Price Volatility on the Horizon:
Aircraft and Cabin Innovations Highly Anticipated:
Fleet Leasing Expected to Remain High:
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Large markets in Asia, such as China and Indonesia, were big contributors to business aircraft order books. However, with the recent economic slowdown in the Far East, it's likely that this rosy picture will not return for some time.