Expectation of changes in the US tax code is boosting merger and acquisition activity in the aerospace market, according to investment bank Lazard. The assumption that "capital gains treatment of carried interest" will be adjusted has "accelerated the desire to obtain liquidity this year" - before the new rules apply - in the view of Michael Richter, co-head of Lazard's US aerospace and defence group.
- All the latest news, video and images from the 2010 Farnborough air show - New this year, live streaming video of each day's flying display
Source: Flight Daily News