The aerospace industry finally lifted itself out of recession in 1995. Airlines are back in profit, civil-aircraft orders are becoming more respectable and those military programmes which have so far survived the axe appear to be back on track. Yet this upturn promises to be different. The talk across industry is not of a return to the boom, but of restructuring and strategic alliances. In short, there will be growing evidence in 1996 that aerospace is coming of age.
Source: Flight International