Consulting firm AlixPartners has issued a study predicting consolidation in the business jet industry in combination with a slowdown in the market, according to AVWeb’ Russ Niles. The firm maintains a slowness in the industry is the “new normal” and that business aircraft makers will face a particularly tough environment after the political issues of last year.
Eric Bernardini, managing director of AlixPartners, told Dow Jones Newswire:
“…there are too many bizjet companies fighting over too few orders…production dropped 34 percent among OEMs and the fractional business, which accounts for a significant portion of bizjet orders, has also been hard-hit. In general…manufacturers are going to have to adopt different business, engineering and production models to stay afloat in the lean times ahead.”
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