While the domestic airline industry faces severe challenges due to skyrocketing jet-fuel prices, the overall commercial aviation sector should continue to thrive in 2008 and beyond. Development of major new aircraft from Boeing and Airbus is keeping suppliers busy, while demand remains strong for regional jets, business jets and very light jets. Dealmaking activity is robust, with strategic buyers pursuing acquisitions to control costs and secure new value-add product lines and cash-rich private equity groups aggressively competing for middle-market acquisition candidates.
These were among the observations shared by RSM EquiCo Capital Markets LLC at the global investment bank’s third annual Aerospace & Defense Conference, held last week in Southern California. The industry forecast was presented by Paul Weisbrich, senior managing director and head of the firm’s Aerospace & Defense Investment Banking Group.
Friday, June 20, 2008
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