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Jetmakers hunt for new growth as order binge fizzles out

Reuters  |  PARIS 

By Tim Hepher and Cyril AltmeyerPARIS (Reuters) - Plane giants are preparing to squeeze the last drop out of a once raging torrent of airplane orders without the razzmatazz of recent years, as the aerospace industry heads to a belt-tightening Paris Airshow looking for new sources of revenue.The June 19-25 gathering takes place against the backdrop of surprisingly strong airline traffic driven by economic growth, but a steep drop in the appetite for new planes following robust demand for the latest fuel-efficient models in recent years.Instead, many firms will talk up efforts to extract new ...

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First Published: Thu, June 15 2017. 20:24 IST