In an industry known for its boom and bust cyclical patterns, executives running the world’s largest airplane makers and suppliers said they don’t see a downturn coming anytime soon.
“The challenge is always sustaining the increased production rates, but I do not see an easing of demand in the next five to 10 years,” said Louis Chenevert, chairman and CEO of United Technologies, at the Farnborough International Air Show.
Chenevert, whose company owns airplane engine maker Pratt & Whitney, isn’t alone in his belief that more airlines will need new planes.