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Euler Hermes


Economic Outlook n° 1188 | Special Report | Transport: a two-speedworld


Aeronautics


Aerospace industry with favorable tailwinds


Annual deliveries of aircraft withmore than100seats


1000 1200 1400


200 400 600 800


0 14 in units


2008-2009 Crisis


9/11/2001 Crisis


Gulfwar World 2nd oil crisis


the economic environment? In2012,productionof commercial aircraftwithmore than 100 seats continued to growto reach a newall- time high for deliveries, a 14%increase to 1,155units.


7 8 8 8 8 8 9 9 9 9 9 0 0 0 0 0 1 12e08642086420864208 Sources :manufacturers, EulerHermes


▶ Theaviationindustryhas thereby confirmedthe fundamental strengthof its activity,whichappears tohavedefinitivelyescapedfromtheeffectsof the economic climate.


T  1


he aviation industry will continue its growth in 2013 (10%increase in deliveries of aircraft withmore than 100 seats), driven by rise in


production. The healthy order books provide the two aircraftmanufacturerswithclear visibility over the coming years, but does not do away the indus- trial risks inherent in the deployment of new pro- grams andthe currentpressure onsubcontractors.


Alevel of aircraft (100+seats) deliveries immune to the influences of


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