Opinion: Where is the Aircraft Market Headed? Look to China

It is a good time to be in the airplane business. Backlogs are at historical highs and airlines are making record profits. CEOs such as Boeing’s Dennis Muilenburg and American Airlines’ Doug Parker say we are no longer in a cyclical industry. Boeing’s share price more than doubled last year, and the super-long waiting periods for new jet deliveries indicate that Airbus and Boeing have made an art of overbooking—taking more orders than they can fill in anticipation that a certain number of those sales will fail to come to fruition as airlines consolidate, change their fleet plans or fall on hard times.

Read more of Adam’s article on Aviation Week’s website