International Air Transport
Engine Market Poised for New Growth
New transport aircraft engines are being developed that will meet the noise, emission and route requirements of the 1980s, while offering more efficiency—but at a higher cost—than today’s engines. Surprising as it may seem in the midst of economic turmoil, say the market analysts, the aircraft engine and engine parts business is in excellent shape and still growing. Growth rate of the Free World’s airlines is expected by the engine manufacturers to bottom out this year at approximately 2%.
By Michael L. Yaffee9 min