The American aerospace and defense industries have recently
found themselves in an odd situation of simultaneous growth and
decline. To be more precise the non defense related component of
the industry; the civilian aviation industries are bent on a course
of growth, however the other component of the industry; the defense
related aerospace industry is in decline.
Emerging Markets and the Growth of the Commercial Aviation
What lies beneath the surface for the expansion of the
commercial aerospace sector is the increasing number of passengers
especially in Middle East and Asia as well as continues demand for
the new generation of aircrafts specifically designed for fuel
efficiency purposes given the high and the volatile state of the
fuel prices. It is easy to comprehend the reason behind the quest
for the fuel efficiency when the weight of the fuel related costs
within the operational costs are considered. A decade ago, such
fuel related costs had only composed 13%
