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Thursday, February 7, 2008

Aviation Industry Set for Torrid Growth in 2008

Sharon Valencik

Washington, DC January 17, 2008 - The aviation industry is poised to continue its unprecedented winning streak in 2008, according to experts. However, as a new year begins, new questions are emerging. Aerospace sales have grown every year since hitting a plateau in 2003. Analysts project further overall growth in sales to $210 billion in 2008. This optimistic forecast will be at the top of the agenda during a forthcoming webinar: The Aviation Crystal Ball: Predictions and Analysis for 2008. Sponsored by the web site Aviation Today, the webinar is scheduled for Thursday, January 31, 11:00 a.m. - noon (ET). To register or for more information, click here. Double-digit growth in both the civil and military aircraft sectors fueled the fourth straight year of growth in the United States aerospace industry, which will log sales of nearly $200 billion in 2007. The civil, military, space, missiles and related products sectors increased 8 percent over 2006 to $198.8 billion in 2007. This pace of growth is expected to continue well into 2008. Whether the topic is avionics, maintenance, composites, or "green aviation", air transport has not only undergone enormous expansion, but sweeping transformation as well. Now, on the cusp of 2008, aviation experts and insiders of all types are wondering: what's in store for the year ahead? The webinar's speakers will include Richard Aboulafia, vice president, Teal Group, and Michel Merluzeau, principal, G2 Solutions. Aboulafia and Merluzeau will discuss:

Who will pull ahead in the competition for primacy, Boeing or Airbus?

What are the new, paradigm-shifting technologies that are on the verge of shaking up the status quo?

How will concerns over global warming affect air transport?

Will the astronomical price of fuel remain a problem in 2008? How are aviation companies planning to cope with fuel costs?

Which niches - regional aviation, training, military transports, etc. - are poised for outsized growth? Which are heading for a trough?

Which regions will grow the fastest, and which ones will slow down? If certain once-hot regions cool off, what are the ramifications for aviation OEMs, suppliers, and sub-contractors? Who stands to gain in the new economic climate - and who stands to lose?

To register for this webinar or for more information, click here.
Aviation Today is the heavily trafficked aviation-oriented web site operated by Access Intelligence, a multi-media company based in Rockville, Maryland. To visit the site: http://www.aviationtoday.com

Contact: John Persinos, jpersinos@accessintel.com
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