Macroeconomics

July 11, 2014 - 7:25am

Foreign companies can now own 49 percent of Indian defense companies, following a change announced as part of the country’s budget statement on July 10. The budget was presented by Finance and Defense Minister Arun Jaitley, a member of the newly elected government. It includes an allocation of $38.17 billion for defense, a gain of 12.44 percent. Some $15.76 billion of this (up from $13.15 billion last year) is capital expenditure, used primarily for procurement.

April 16, 2014 - 11:17am

As the U.S. expressed “concern” on Tuesday over the devaluation of China’s currency, making its exports cheaper but reducing the buying power of Chinese consumers, Chinese airlines continued to feel the pain of a weaker yuan as the value of their foreign debt rose with the relative strengthening of the U.S. dollar. China Southern Airlines, for one, on Tuesday issued a profit warning report estimating a first-quarter net loss resulting from negative foreign exchange fluctuations.

December 1, 2013 - 6:00am

As the Great Recession moves into its sixth year, the market for used business aircraft remains something of a quagmire, with some models still searching for a price bottom. But there are bright spots where values have stabilized, and inventory overall is headed in the right direction.

July 1, 2013 - 5:00am
There is increasing use of curved features in the business jet cabin, and an effort to duplicate the warmth of a home-like atmosphere, as featured in this rendering by Talco Aviation.

Until this most recent, long and painful recession, the rule of thumb followed by those who analyze the business aviation market is that aircraft sales, new and used, follow an increase in corporate profits by about 18 to 24 months. Assuming this to be true, then business aviation should already be showing healthy growth and the completion and refurbishment segment should be close behind. But it hasn’t happened yet.

January 8, 2013 - 4:00pm

The business aviation industry appears poised for growth this year as the U.S.“leads the way” to a fuller recovery, according to two analysts contacted by AIN. Teal Group vice president of analysis Richard Aboulafia is “cautiously optimistic” that business jet deliveries and billings will climb this year, while Brian Foley of Brian Foley Associates is more bullish.

October 30, 2012 - 3:30pm

NBAA released a new study today showing that even during the worst economic times since the Great Depression, companies that relied on business aviation outperformed those that did not. According to NBAA, the companies that use business aircraft have better shareholder value and recovered from the recession more quickly than their peers.

September 4, 2012 - 2:15am
Making high-end carpet at Kalogridis is a hands-on, labor-intensive effort by skilled artisans.

Kalogridis International had a better year in 2011 than in 2010, and this year, said founder George Kalogridis, promises to be even better.

Demand for high-end carpeting in the single-aisle and twin-aisle bizliner market, he said, wasn’t affected so much by the recession as the smaller business and private jet segment. Now, he added, activity is starting to pick up in that smaller jet market.

July 1, 2012 - 6:00am

In September 2010, the National Bureau of Economic Research declared that the recession had ended in June 2009 and a recovery was under way.

May 7, 2012 - 10:35am
Iberia A320 taking off from Madrid Barajas Airport

Once again monthly International Air Transport Association (IATA) airline traffic statistics reflected “positive distortion” caused by geopolitical and other factors, resulting in somewhat inflated data for March.

October 28, 2011 - 10:33am
Marion Blakey

An economic impact analysis commissioned by the Aerospace Industries Association (AIA) predicts that more than one million jobs will be lost in the aerospace and defense industry, if the U.S. Congress fails to reach an agreement that would prevent automatic government spending cuts.

 
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