Aviation industry recovery will follow auto industry, which follows other industry

Economy shows small signs of recovery as recession continues

Last fall the Business Cycle Dating Committee of the National Bureau of Economic Research declared that the recession officially ended in June 2009, at the same time defining a recession as the period until the economy reaches its low point. From the perspective of the business aviation industry in the subsequent 19 months, that low point hasn't moved much. ...

 

John Bingham, president and CEO of Piaggio America and a veteran of the automotive industry, had an interesting perspective. He noted that a business aviation recovery has typically followed an automotive industry recovery by about nine to 12 months. Foreign and domestic luxury auto manufacturers recorded double-digit sales increases in 2010 and are looking to better days in 2011.

 

Here is the entire article.

 

 

-- Jon Osterholm