Europe's aerospace industry enjoyed another successful year in 1998, with turnover continuing the upward trend that began in 1996 and expected to rise again this year, despite an anticipated levelling out of civil aircraft sales. The European Association of Aerospace Industries (AECMA) predicts growth will continue in the long-term subject to cyclical trends.
Employment levels rose after years of decline and are expected to be stable - although growth will lag behind turnover as productivity gains are realised, AECMA says. About 90% of turnover last year was generated by France, Germany, Italy and the UK.
Source: Flight International