Here are the key sentences extracted from your provided text, focusing on fall risk, mobility, the importance of addressing fall prevention (including Tai Chi context), and the role of therapy in supporting independence and rehabilitation for older adults:

- For a variety of reasons, as each year passes, the likelihood of falling increases.

- And, the brain can have a major impact on our ability to avoid falling.

- “Even if the fall didn’t cause harm, it is likely that the person now develops a fear of falling.”
- Age alone should not be blamed as a factor regarding balance, said Fee.

- “Some of the medications may increase the risk of falls,” said Goralnik.

- Fee said a fall risk assessment is a good first step to preventing falls.

- “You can talk to your doctor or health care provider to refer you to a physical therapist to evaluate your risk for falling,” said Fee.

- In order for your balance to improve, you have to challenge the team!”
- Goralnik added, that in many cases, falls and fall-related injuries lead to substantial deficiency with activities of daily living and the need for supportive care for older adults.

- It is very important for seniors to discuss any changes of the gait, possible new onset gait unsteadiness, or if they started to experience new musculoskeletal pain with their doctor.

- Alcohol use also is a risk factor that can be controlled.

- Fractures are the most common.

- And if older adults fall and remain stuck on the ground for a long time, they can suffer a traumatic breakdown of muscle, which can lead to serious kidney failure and even death, she said.

- Falls that lead to death are most often due to hip fractures or head injuries.

- On the other hand, she noted that fatal falls stemming from a head injury are more common among men, people who take blood thinners and those without a musculoskeletal diagnosis.

- Further, the number of patients needing physical therapy is expected to rise as America’s population ages.

Here are the key sentences extracted from your provided text, focusing on fall risk, mobility, the importance of addressing fall prevention (including Tai Chi context), and the role of therapy in supporting independence and rehabilitation for older adults:

- For a variety of reasons, as each year passes, the likelihood of falling increases.

Title:

Content: Healthy aging comes with challenges. For a variety of reasons, as each year passes, the likelihood of falling increases.

According to Dr. Boris Goralnik, a geriatric specialist at UPMC in North Central Pa, a fall is defined as an unexpected event in which a person comes to rest on the ground, floor, or a lower level.

“Falls result in fall-related injuries, progression of gait impairments, loss of independence, depression,” Goralnik said. “It is a leading cause of injury-related morbidity and mortality among older adults.”

By preventing falls, providers try to prevent related injuries such as fractures, hematomas, and skin lacerations. From practice and literature, said Goralnik, the most important risk factor of falls is a previous history of falls.

According to Janine Fee, MS, MPT, a physical therapist who is certified in vestibular rehabilitation at Evangelical Community Hospital, physical balance, which is important to avoid falling, can be complicated.

“I like to use the analogy of a baseball field,’’ Fee said. “Every player on the field is important and if a player is not working, then your team — your balance — is going to be impacted.”

Fee said many systems have a direct impact on balance. Eyes, ears, sense of touch — especially with our feet, muscle strength, flexibility, and posture are a few. And, the brain can have a major impact on our ability to avoid falling.

Fee said any weakening of one or more of these areas will significantly increase the risk of falling.

According to the Centers for Disease Control website, one out of four seniors over the age of 65 will fall each year. One out of five of those falls will cause serious injuries such as broken bones or head injuries.

“This can then lead to serious consequences that may significantly impact a person’s overall quality of life,” said Fee. “Even if the fall didn’t cause harm, it is likely that the person now develops a fear of falling.”

Many factorsIn many cases, Goralnik said, falls and fall-related injuries lead to substantial deficiency in activities of daily living and the need for supportive care for older adults. He agreed with Fee that a fear of falling leads to things like not participating in activities that require balance, causing weaknesses and furthering the risk of repeated falls. Paying attention to the body and being more aware of areas contributing to balance is a big step in preventing falls.

Age alone should not be blamed as a factor regarding balance, said Fee.

“I strongly believe that if you stay active, you can minimize the effects that aging has on all of these players,” Fee said.

Diseases and underlying medical conditions like Parkinson’s disease, Multiple Sclerosis, neuropathy, strokes, vision problems, and pain can impact a person’s balance. Other factors such as medications, fear of falling, and environmental factors.

It is very important for older patients to discuss with their providers any changes in the gait, possible new onset gait unsteadiness, or if they start to experience new musculoskeletal pain, Goralnik advised.

“Some of the medications may increase the risk of falls,” said Goralnik. “It is very important for people to have a complete list of all current medications when they visit their medical providers.”

Having detailed information, he said, about existing and potential risk factors may help reduce the risk of future falls.

Fee added that testing can be completed to assess balance and what kind of treatment or therapy might be available to assist with balance. Fee said a fall risk assessment is a good first step to preventing falls.

“You can talk to your doctor or health care provider to refer you to a physical therapist to evaluate your risk for falling,” said Fee.

She said a physical therapist will measure/evaluate strength, flexibility, analyzation of posture and feet, how you walk and perform specific balance measures to determine your areas of weakness. The therapist may also ask about fall history and possible home hazards like uneven pavement, rugs, steps, clutter or pets.

“Then a physical therapist can design a specialized treatment program to help you reduce your risk of falls,” Fee said. “Other recommendations to improve overall balance is getting involved in a local gym where you can perform strength and balance exercises like Tai Chi or yoga.”

Temporary conditionsIn addition to medical conditions such as strokes, brain injuries, etc., other temporary conditions also have effects on an individual’s balance.

Fee, a physical therapist who specializes in inner ear disorders, said the most common inner ear problem is a condition known as Benign Paroxysmal Positional Vertigo (BPPV). Classic symptoms include brief episodes of spinning or imbalance that occur when lying down, rolling over in bed, or looking up.

“BPPV can significantly increase a person’s risk for falling especially if they have other balance risk factors. This problem is easily identified by the physical therapist that is trained in detecting inner ear problems,” she added.

Fee said a physical therapist with specialized training can provide the most appropriate intervention to reduce or resolve these symptoms in as little as one to three sessions.

Fee said physical therapists can often identify risk factors and provide specific recommendations to improve balance.

“Physical therapists are like coaches, but you have to do the work. In order for your balance to improve, you have to challenge the team!”

Goralnik added, that in many cases, falls and fall-related injuries lead to substantial deficiency with activities of daily living and the need for supportive care for older adults.

The economic burdens from falls are substantial and likely to increase with the growth of the older population, according to Goralnik.

Fall-related health care costs include hospital bills, fees for professional service, and costs of prescription medications, home health services, long-term care facilities, and durable medical equipment.

“Always inform your doctor about recent falls and fall-related injuries,” concluded Gorainik.

It is very important for seniors to discuss any changes of the gait, possible new onset gait unsteadiness, or if they started to experience new musculoskeletal pain with their doctor.

Trending Video

- And, the brain can have a major impact on our ability to avoid falling.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

- “Even if the fall didn’t cause harm, it is likely that the person now develops a fear of falling.”
- Age alone should not be blamed as a factor regarding balance, said Fee.

- “Some of the medications may increase the risk of falls,” said Goralnik.

- Fee said a fall risk assessment is a good first step to preventing falls.

- “You can talk to your doctor or health care provider to refer you to a physical therapist to evaluate your risk for falling,” said Fee.

- In order for your balance to improve, you have to challenge the team!”
- Goralnik added, that in many cases, falls and fall-related injuries lead to substantial deficiency with activities of daily living and the need for supportive care for older adults.

- It is very important for seniors to discuss any changes of the gait, possible new onset gait unsteadiness, or if they started to experience new musculoskeletal pain with their doctor.

- Alcohol use also is a risk factor that can be controlled.

Title:

Content: Falls by seniors represent serious health concern

NEW YORK, April 11 (UPI) -- For seniors, life can change in the blink of an eye if they trip on a rug or slip on a wet floor.

Injuries from falls represent a significant source of pain, disability, loss of independence and early death in order adults, according to the World Health Organization.

About 1 in 4 Americans age 65 and older -- more than 14 million -- reports falling every year, according to the Centers for Disease Control and Prevention. And the rate is increasing, the CDC says.

"Every second of every day, an older adult (age 65+) suffers a fall in the U.S --making falls the leading cause of injury and injury death in this age group," the agency says.

And the National Institute on Aging reports that "the risk of falling -- and fall-related problems -- rises with age."

In late March, former U.S. Sen. Joe Lieberman's death at age 82 due to complications from a fall at his home cast the spotlight on serious injuries that can affect seniors.

Another celebrity who endured falls was the late Nancy Reagan. The former first lady stumbled multiple times in her senior years, fracturing her pelvis, tailbone and ribs.

The reasons people are more likely to fall as they age stem in part from age-related changes in gait, strength and balance, said Dr. Elizabeth Phelan, a falls expert and founding director of the Fall Prevention Clinic at UW Medicine in Seattle.

"However, falls are not inevitable," said Phelan, who also is a professor of geriatrics. "They are largely preventable. Awareness of what contributes to falls is critical to preventing them."

Vision and hearing impairments contribute to falls. So does the accumulation of chronic conditions that affect cardiovascular, musculoskeletal and neurological systems. And a drop in blood pressure -- which may happen when someone stands up after lying down or sitting -- also raises fall risk, Phelan said.

Medications that cloud people's thinking or make them feel sleepy or off-balance are another major risk factor for falls. People who die from a fall tend to take multiple medications -- six on average, she said.

"It's important for people to understand the link between medications and falls, and to initiate conversations with their doctors about whether there is an ongoing need for each of their medications," Phelan said. "There are safer alternatives to medications for many symptoms."

Alcohol use also is a risk factor that can be controlled. Recent research has found an increase in alcohol consumption among older adults and a rise in emergency department visits for alcohol-related fall injuries, she said.

Identifying and addressing modifiable risk factors reduces the chances of falling. Among people who fall repeatedly, falls "are not purely accidental," Phelan said. "This is a commonly held, but false belief. In fact, falls result from the interaction of a person with their environment."

People who experience fatal falls may have had preceding decline in their functional ability -- physical, cognitive or both -- that led them to limit their outdoor mobility, so their falls occur indoors, Phelan said.

While hip fractures are associated with more advanced age and an underlying neurological condition, she noted that head injuries are more common among men, people who take blood thinners and those without a musculoskeletal diagnosis.

Even improper footwear can play a role in falls, said Dr. Amanda Lathia, a geriatrician who helps manage the interdisciplinary falls clinic at University Hospitals in Cleveland.

"Wearing slippers or socks in the home increases the risk for falling," Lathia said. "It is best to wear shoes with good support in the home and outside the home."

Other hazards include a lack of handrails, clutter, stairs, poor lighting, ice, snow and pets, Lathia said, noting that "the bathroom is the location of most falls as we get older."

She suggested installing handrails in the bathroom and along all stairwells, using a raised toilet seat, and avoiding going outside in bad weather.

Although most falls don't cause injury, potentially serious ones can occur. Fractures are the most common. Having a hip fracture increases the risk of dying, particularly within the first year afterward, Lathia said.

Fall-induced head trauma, such as a brain bleed, can lead to death if left treated. And if older adults fall and remain stuck on the ground for a long time, they can suffer a traumatic breakdown of muscle, which can lead to serious kidney failure and even death, she said.

Once an older adult falls, the risk for future falls rises. This "unfortunately leads to the double-edged sword of people starting to restrict their activities because they're afraid to fall," said Dr. Laurie Theriot, chief of geriatric medicine at Prisma Health's upstate region in Greenville, S.C.

"It's counterintuitive, but we actually want to see that patient walk more, create a support system and get more active to improve balance and mobility," Theriot said.

"In the hospital, we consult on so many falls that involve broken hips," she said, cautioning that health professionals need "to be really careful how we obtain [a patient's] history because, especially with osteoporosis, we may find that you fractured your hip before you fell."

That's because "osteoporosis is often undiagnosed because gradual loss of bone density is not painful until the bone actually breaks," Theriot said.

Falls that lead to death are most often due to hip fractures or head injuries. People who die after a fall that results in a hip fracture tend to be older and have an underlying neurological condition, Phelan said.

On the other hand, she noted that fatal falls stemming from a head injury are more common among men, people who take blood thinners and those without a musculoskeletal diagnosis.

Another problem arises when people forget if they took their medications, said Andrea Fleischman, an assistant professor in the department of occupational therapy at Creighton University Health Sciences Campus-Phoenix.

"Sometimes, older individuals will double up on their medication regimen, which can make them increasingly lethargic or dizzy," Fleischman said. She said she recommends that older adults regularly review medications with their clinicians and family members, especially if they have memory issues.

Fall prevention strategies include regular exercise to maintain muscle mass and bone density. Routine physicals and vision checkups are also important, Fleischman said.

She also cited the importance of ensuring the home is safe from tripping hazards, such as throw rugs. That's because older adults may not be able to catch themselves or cushion a fall as easily as younger or middle-aged people.

But whether injuries lead to death depends to a large extent on the person's age and overall health status, Fleischman said.

Even so, "the unfortunate statistic is that the morbidity rate for a person who falls and breaks a hip is upwards of 50%," she said. "It's due to decreased mobility."

Older adults often hit their head because protective reflexes -- which prompt people to put their hands out to stop or cushion a fall -- diminish with advanced age, Fleischman said.

After a fall, timely medical care and follow-up can make a difference. "Hopefully you're able to recover, but you need that additional support to determine your risks and prevent future falls," Theriot said.

She added that "physical therapy, occupational therapy and interventions like a fall risk assessment in your home environment are all important."

- Fractures are the most common.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

- And if older adults fall and remain stuck on the ground for a long time, they can suffer a traumatic breakdown of muscle, which can lead to serious kidney failure and even death, she said.

- Falls that lead to death are most often due to hip fractures or head injuries.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

- On the other hand, she noted that fatal falls stemming from a head injury are more common among men, people who take blood thinners and those without a musculoskeletal diagnosis.

- Further, the number of patients needing physical therapy is expected to rise as America’s population ages.

Title:

Content: As an occupational therapist here in Indiana, I have seen firsthand the enormous pressures the COVID-19 pandemic has put on patients and healthcare providers. On top of the stress and strain we all personally feel, America’s specialty care providers are struggling financially due to increased costs of maintaining stringent safety and sanitization protocols, along with a serious drop in patient volume.

Despite these financial realities, Medicare is still planning to impose another round of payment cuts to specialty providers in 2022. Years of continued cuts by the Centers for Medicare & Medicaid Services (CMS), coupled with the hardships seen by so many practices during the pandemic, could prove devastating to the millions of seniors who depend on essential specialty care services including physical and occupational therapy.

With the clock ticking before the next round of devastating cuts goes into effect on Jan. 1, Congress has a big decision to make: whether or not to protect seniors’ access to the therapy services that are crucial for building strength, balance and mobility.

Physical therapy is a vital service to help keep Indiana’s seniors independent. It helps patients recover from injuries, prevents falls by improving stability, and keeps them active. Not only does access to physical therapy improve patient health outcomes, but it can even save taxpayers money. According to CDC data, Medicare pays roughly $29 billion every year for costs associated with non-fatal falls — $575 million of that in Indiana alone. With the help of physical therapists, many of these dangerous falls, and their associated costs, can be prevented.

Further, the number of patients needing physical therapy is expected to rise as America’s population ages. With the number of Americans 65 or older expected to more than double over the next 40 years, this ever-growing patient population deserves long-term, permanent reform to the Medicare payment system. Our healthcare system cannot sustain the expected surge in older patients when specialty providers like physical, occupational, and speech therapists face crippling cuts each year. These cuts, which will eventually reach 9 percent by 2024, will threaten patient access at a time when more patients than ever will be relying on consistent and stable access to care. Vulnerable patients should not be subject to these outdated, harmful CMS rules.

Americans want their members of Congress to stand up and prevent specialty provider cuts from taking effect. Data show 76 percent of seniors support Congress taking action to implement long-term reform. While a broad coalition of patients, providers, and lawmakers have expressed opposition to Medicare’s proposed cuts, all signs indicate that Medicare will move forward with the cuts as planned unless Congress intervenes.

Fortunately, Rep. Larry Bucshon has been a leading champion for specialty providers, most recently leading an effort in the U.S. House to stop these cuts. Thanks to Rep. Bucshon’s leadership, nearly 250 bipartisan Members of Congress recently joined together to urge House leadership to act quickly to avert these dangerous cuts by extending the 3.75% payment adjustment for specialty providers. Rep. Bucshon is also calling for the House to work on long-term Medicare payment reform, which would help specialty providers meet the growing demand for care as America grows older.

I commend Rep. Bucshon for his leadership and urge the rest of Indiana’s Congressional delegation to support initiatives to protect specialty care providers and the older Americans who depend on their care.

Ashim Bakshi, MHS, OTR, CHT, is partner and clinic director of The Hand and Orthopedic Rehab Clinic in Terre Haute.

Trending Video


Here are the key sentences extracted from your provided text, prioritized to align with your request regarding future demand for aircraft, leading manufacturers, regional trends, and strategies for efficiency and sustainability in the aerospace sector:

1.

Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust.

With a growing emphasis on sustainability and reducing carbon emissions, aircraft manufacturers are investing in research and development to create more eco-friendly models.

Asia-Pacific emerges as the largest region in this segment.

As a result, airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel.

In terms of growth, Europe takes the lead.

While it may not be the fastest-growing region, North America remains a stable and vital market for these aircraft, catering to both domestic and international routes.

The surge in air travel rates is a primary driver propelling the demand for aircraft leasing.

The global connected aircraft market is expected to grow rapidly in the coming years due to the increasing demand for real-time information and communication during flights, the need for improved flight safety and passenger comfort, and the growing demand for advanced communication and navigation systems in aircraft.

The rising number of air travelers across the world is going to enhance the growth of the market segment during the forecast period.

The deal rose Airbus shares by 3 percent in a matter of hours.

Despite the uncertainty caused by the still untamed pandemic, the orders of Airbus and Boeing for the first 11 months of 2021 reached a total of 1439 aircraft, which is three times more than in 2020.

Textron has made huge strides with sustainable fuel and a valuable defense contract.

Sustainable fuel investments could pay off in the long run.

Here are the key sentences extracted from your provided text, prioritized to align with your request regarding future demand for aircraft, leading manufacturers, regional trends, and strategies for efficiency and sustainability in the aerospace sector:

1.

Title:

Content: Intelligence Market Report

Connected Aircraft Market Size to Reach USD 6758.8 Million in 2028, at CAGR of 9.9%, Industry Share, Growth, Latest Trend, Opportunities

Connected Aircraft Market Dynamics, Industry Overview, Segmentation, Competitive Landscape and SWOT Analysis Including Key Players - Gogo, Honeywell International, Panasonic Avionics, Thales, Global Eagle Entertainment, Rockwell Collins, Zodiac Aerospace, Inmarsat, Cobham, Bae Systems, Kontron, Viasat, Digecor

London, UK -- (SBWIRE) -- 02/09/2023 -- Connected Aircraft Market report provides an in-depth analysis of the global connected aircraft market, including market size, growth drivers, trends, and opportunities. It also provides a comprehensive overview of the competitive landscape and key players in the market.

Global Connected Aircraft Market Overview
The connected aircraft market refers to the integration of information and communication technologies in aircraft to improve flight safety, passenger comfort, and operational efficiency. The connected aircraft market is rapidly growing due to the increasing demand for real-time information and communication during flights. This has resulted in a rise in the number of connected aircraft, which are equipped with advanced communication systems, sensors, and software.

Request a Free Sample of the Connected Aircraft Market Report @ https://www.intelligencemarketreport.com/report-sample/380777

Market Segmentation
The global connected aircraft market can be segmented based on type, application, and region. The Connected Aircraft Market Major Segments and Subsegments Listed Below

Segmentation by type
Inflight Connectivity
Air-to-Air Connectivity
Air-to-Ground Connectivity

Segmentation by application
Commercial
Military

This report splits the market by region
North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]

Market Drivers
The primary drivers of the connected aircraft market are the increasing demand for real-time information and communication during flights, the need for improved flight safety and passenger comfort, and the growing demand for advanced communication and navigation systems in aircraft. Additionally, the increasing use of connected aircraft for military purposes is expected to fuel market growth. The increasing demand for connected aircraft in emerging economies is also expected to drive market growth.

Market Challenges
One of the biggest challenges facing the connected aircraft market is the high cost of integrating these technologies in aircraft. The cost of procurement, installation, and maintenance of connected aircraft systems can be a major barrier for airlines and other operators. Additionally, the limited availability of skilled personnel to operate and maintain these systems can also pose a challenge for market growth.

Market Opportunities
The increasing demand for connected aircraft in commercial and military applications is a major opportunity for market growth. The growing demand for advanced communication and navigation systems in emerging economies is expected to provide significant growth opportunities for the market. Additionally, the increasing use of connected aircraft for maintenance and repair is also expected to drive market growth.

Inquire about the Connected Aircraft Market Report @ https://www.intelligencemarketreport.com/send-an-enquiry/380777

Market Leaders
Some of the leading players in the connected aircraft market includes
Gogo
Honeywell International
Panasonic Avionics
Thales
Global Eagle Entertainment
Rockwell Collins
Zodiac Aerospace
Inmarsat
Cobham
Bae Systems
Kontron
Viasat
Digecor

Conclusion
The global connected aircraft market is expected to grow rapidly in the coming years due to the increasing demand for real-time information and communication during flights, the need for improved flight safety and passenger comfort, and the growing demand for advanced communication and navigation systems in aircraft. The increasing demand for connected aircraft in emerging economies is also expected to drive market growth. However, the high cost of integrating these technologies in aircraft and the limited availability of skilled personnel to operate and maintain these systems can be a major challenge for the market.

Table of Content
1 Scope of the Report
2 Executive Summary
3 Global Connected Aircraft by Company
4 World Historic Review for Connected Aircraft by Geographic Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Connected Aircraft by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion

Direct purchase Report @ https://www.intelligencemarketreport.com/checkout/380777

Contact Us:
Akash Anand
Head of Business Development & Strategy
sales@intelligencemarketreport.com
Phone: +44 20 8144 2758

About Us: Intelligence Market Report includes a comprehensive rundown of statistical surveying reports from many distributers around the world. We brag an information base traversing basically every market classification and a much more complete assortment of statistical surveying reports under these classifications and sub-classifications. Intelligence Market Report offers premium reformist factual looking over, statistical surveying reports, investigation and gauge information for businesses and governments all throughout the planet.

Title:

Content: Friday, 08 September 2023 05:25 GMT

Global Single-Aisle Aircraft Market Is Projected To Reach The Value Of $222.20 Billion By 2030 X Herald

(MENAFN- Ameliorate Digital Consultancy) According to the latest report by Virtue Market Research, in 2022, the Global Single-Aisle Aircraft Market was valued at USD 86.6 billion and is projected to reach a market size of USD 222.20 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 12.5%.

Request Sample Brochure @

A prominent long-term driver for the Single-Aisle Aircraft market is the growing global demand for air travel. Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust. The demand for single-aisle aircraft is fueled by several factors, including the expansion of low-cost carriers, increasing urbanization, and rising middle-class populations in emerging economies.

The COVID-19 pandemic had an unprecedented impact on the aviation sector, leading to grounded fleets, reduced passenger demand, and financial strain on airlines. This setback prompted airlines to rethink their fleet strategies, with some deferring aircraft orders and retiring older aircraft to cut costs. Additionally, the pandemic accelerated the adoption of safety and hygiene measures in aircraft cabins, leading to increased investments in cabin air filtration and touchless technologies.

A notable short-term driver for the Single-Aisle Aircraft market is the rebound in domestic and regional air travel. As countries reopen their borders and vaccination efforts progress, there is a growing preference for shorter flights, leading to increased demand for single-aisle aircraft. Airlines are reactivating grounded aircraft and placing orders for new, fuel-efficient models to meet this surge in regional travel.

An exciting opportunity in the Single-Aisle Aircraft market is the development of next-generation, fuel-efficient aircraft. With a growing emphasis on sustainability and reducing carbon emissions, aircraft manufacturers are investing in research and development to create more eco-friendly models. This includes the use of advanced materials, aerodynamic improvements, and more efficient engines. Airlines that invest in these next-gen aircraft can not only reduce their environmental footprint but also benefit from lower operating costs in the long run.

One of the prominent trends observed in the Single-Aisle Aircraft industry is the rise of digitalization and connectivity. In-flight Wi-Fi, entertainment systems, and integrated passenger services are becoming standard features in modern single-aisle aircraft. Airlines are leveraging these trends to enhance the passenger experience and gain a competitive edge. Additionally, digitalization plays a crucial role in aircraft maintenance and operations, helping airlines optimize their fleet performance and reduce downtime.

Customize The Report According to Your Needs @

Segmentation Analysis:

The global Single-Aisle Aircraft Market segmentation includes:

By Type of Aircraft: Narrow-Body, Wide-Body, Regional Aircraft

Among these, the Narrow-Body aircraft category stands out as the largest segment. These aircraft are designed for short to medium-haul flights and are favored by airlines for their versatility and cost-efficiency. Narrow-Body aircraft are well-suited for both domestic and international routes, making them the preferred choice for many carriers.

In terms of growth, the Narrow-Body segment takes the lead yet again. The market for Narrow-Body aircraft is witnessing significant expansion due to the increasing demand for regional and domestic travel. Airlines are looking to replace older aircraft with more fuel-efficient and environmentally friendly Narrow-Body models, driving the growth of this segment.

By Engine Type: Turbofan, Turboprop

Among these categories, Turboprop engines are the largest segment. These engines are commonly found in regional aircraft that operate shorter routes and require a different set of performance characteristics compared to their Turbofan counterparts. Turboprop engines are known for their fuel efficiency and reliability, making them a preferred choice for regional carriers.

However, when it comes to growth, Turbofan engines take the lead. The demand for Turbofan-powered Single-Aisle Aircraft is on the rise, driven by the need for higher efficiency, reduced emissions, and greater operational range. Airlines are increasingly opting for Turbofan engines in their narrow-body aircraft to meet the growing demand for longer-haul regional and international flights.

Purchase Full Report @

Regional Analysis:

The Single-Aisle Aircraft market spans across variregions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each of these regions has its unique characteristics and influences on the market.

Asia-Pacific emerges as the largest region in this segment. This region encompasses numerfast-growing economies, a burgeoning middle class, and a robust travel and tourism industry. As a result, airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel. With a foon domestic and regional routes, narrow-body aircraft have been particularly favored in this region, contributing to its leadership in the Single-Aisle Aircraft market.

In terms of growth, Europe takes the lead. Despite being a mature aviation market, Europe is experiencing a surge in demand for narrow-body aircraft, primarily due to the need for more fuel-efficient and environmentally friendly options. European airlines are increasingly looking to modernize their fleets with state-of-the-art single-aisle aircraft, thereby driving the growth of this segment in the region.

The Middle East & Africa region also shows promise in terms of growth, driven by the emergence of airlines in the Middle East as major global players. These airlines are expanding their networks and investing in modern, fuel-efficient narrow-body aircraft to meet the growing demand for long-haul travel.

North America, with its well-established aviation industry, continues to be a significant market for single-aisle aircraft. While it may not be the fastest-growing region, North America remains a stable and vital market for these aircraft, catering to both domestic and international routes.

South America, although a smaller market compared to the other regions, also contributes to the demand for single-aisle aircraft. Airlines in South America are focusing on modernizing their fleets to enhance operational efficiency and reduce emissions.

Latest Industry Developments:

  • One of the key strategies adopted by companies is a strong emphasis on fuel-efficient and environmentally friendly aircraft. With the aviation industry facing increasing pressure to reduce carbon emissions, manufacturers are investing in the development of next-generation single-aisle aircraft with improved fuel efficiency. This includes the use of advanced materials, aerodynamic design enhancements, and the incorporation of more fuel-efficient engines. Furthermore, there is a growing trend towards the electrification of aircraft systems, including electric taxiing systems and more electric aircraft architectures. These innovations aim to reduce the overall carbon footprint of single-aisle aircraft, aligning with global sustainability goals.
  • To enhance their market share, aircraft manufacturers are expanding their global reach and customer base. They are targeting emerging markets with fast-growing air travel demand, such as Asia-Pacific and the Middle East. These regions represent significant opportunities for fleet expansion, especially with narrow-body aircraft designed for short- to medium-haul routes. Another trend is fleet modernization. Airlines, particularly in mature markets like North America and Europe, are retiring older aircraft and replacing them with state-of-the-art single-aisle aircraft. This trend is driven by the need to improve operational efficiency, reduce maintenance costs, and enhance passenger comfort. Manufacturers that offer the latest technology and fuel-efficient options have a competitive advantage in this regard.
  • Connectivity and digital solutions are becoming increasingly important in the aviation industry. Airlines are seeking aircraft equipped with advanced connectivity options to enhance the passenger experience, provide in-flight entertainment, and enable seamless inteaccess. Manufacturers are responding by integrating cutting-edge connectivity solutions into their single-aisle aircraft offerings. Additionally, the use of data analytics and predictive maintenance has gained prominence. Airlines are leveraging data from their aircraft to optimize operations, reduce downtime, and lower maintenance costs. Aircraft manufacturers are incorporating these features into their products to meet the demand for data-driven solutions.

About Us:

Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success.

Contact Us:

Virtue Market Research

Kumar Plaza, #103, SRPF Rd, Ramtekadi, Pune, Maharashtra 411013, India

E-mail:

Phone: +1-917 436 1025

MENAFN08092023004660010643ID1107033579

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

Title:

Content:
Business Jet Market Share, Size, Trends, Segments And Forecast By 2024-32Business Jet Market

(MENAFN- IMARC Group) The latest report by IMARC Group, titled“ Business Jet Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 “, The global business jet market size reached US$ 19.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

A business jet, also known as a private jet, is a specialized aircraft designed and manufactured for the specific needs of corporations, businesses, and affluent individuals. These jets are equipped with modern amenities, advanced technology, and luxurious interiors, ensuring a premium travel experience that emphasizes privacy, comfort, and efficiency. They offer flexibility in scheduling, enabling executives and professionals to adhere to tight schedules, attend multiple meetings in different cities within a single day, or respond rapidly to emerging opportunities or challenges. The global market for business jets caters to various industries, including finance, entertainment, government, and technology sectors. Business jets serve as a symbol of status, excellence, and innovation, reflecting the dynamism and ambition of the organization or individual that utilizes it. They also provide a secure and confidential environment for conducting business, fostering negotiations, and strengthening relationships. In recent years, there has been a growing trend toward customizing business jets to meet individual preferences and unique requirements, further adding to the allure and distinctiveness of this mode of transport.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/business-jet-market/requestsample

Business Jet Market Trends and Drivers:

The global business jet market is primarily driven by the rising demand for enhanced mobility, time efficiency, and personalized travel experiences among corporate executives and high-net-worth individuals. The continuous globalization of business and expansion of multinational corporations necessitates rapid and flexible transportation solutions, propelling market growth. Moreover, innovations in technology, design, and comfort features are attracting new customers, while the trend toward fractional ownership and leasing options is making business jet travel more accessible to a broader range of companies and individuals. Along with this, the growing awareness of the strategic advantages of business jet travel in terms of productivity, convenience, and competitive edge is fueling the market expansion. In addition, the emergence of eco-friendly business jet models, with improved fuel efficiency and reduced carbon emissions, aligns with the global push toward sustainability and responsible corporate citizenship. This, coupled with robust economic growth in emerging markets, regulatory support, and a shift toward more flexible and adaptive business practices, is supporting market growth. Furthermore, governments and regulatory bodies are increasingly facilitating the use of business jets by easing restrictions and streamlining certification processes, making it easier for companies to operate business jets. In line with this, the escalating demand for pre-owned business jets, as more companies and individuals seek cost-effective options for private air travel, is augmenting the market growth. Besides this, the incorporation of cutting-edge technologies such as advanced avionics systems, in-flight entertainment, and connectivity solutions is enhancing the appeal of business jets to tech-savvy customers and businesses looking to offer state-of-the-art travel experiences. Other factors, including the need for fast and efficient travel, the emergence of specialized services like maintenance, repair, and overhaul services, rising demand for long-range business jets, and evolving travel preferences toward private aviation, are also creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Light
  • Medium
  • Large

Breakup by Business Model:

  • On-Demand Service
    • Air Taxis
    • Branded Charters
    • Jet-Card Programs
  • Ownership
    • Fractional Ownership
    • Full Ownership

Breakup by Range:

  • < 3,000 NM
  • 3,000 – 5,000 NM
  • > 5000 NM

Breakup by Point of Sale:

  • OEM
  • Aftermarket

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Airbus
  • Bombardier Inc.
  • Dassault Aviation
  • Embraer S.A.
  • Gulfstream Aerospace
  • Honda Aircraft Company
  • Pilatus Aircraft
  • Piper Aircraft
  • Saab AB
  • Textron Inc.
  • The Boeing Company

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: --

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163

MENAFN06022024004122016232ID1107816948

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Title:

Content: Aircraft Leasing Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2032

The global aviation industry is experiencing unprecedented growth, fueled by increasing air travel rates and the demand for efficient aircraft. In tandem with this growth, the aircraft leasing market has emerged as a critical component of the aviation ecosystem, providing airlines with flexible leasing options to meet their fleet requirements. A recent report by Report Ocean forecasts that the aircraft leasing market size is poised to exceed USD 453.2 billion by 2026, with a robust growth rate of 6.8% during the forecast period.

Request To Download Free Sample of This Strategic Report @-https://reportocean.com/industry-verticals/sample-request?report_id=Pol8

Driving Factors Behind Market Growth

The surge in air travel rates is a primary driver propelling the demand for aircraft leasing. Airlines are opting for leasing arrangements to expand their fleets and meet the escalating demand for air travel. Aircraft leasing offers flexibility and cost-effectiveness compared to outright aircraft purchases, enabling airlines to optimize their fleet size based on fluctuating market conditions.

Aircraft leasing encompasses two primary lease types: dry lease and wet lease. In dry leasing, aircraft are leased without crew members, while wet leasing involves leasing aircraft along with trained crew, maintenance, and insurance. This flexibility allows airlines to tailor leasing agreements to their specific operational needs, further driving the adoption of aircraft leasing.

Additionally, factors such as the growth in global aviation industry, increasing regulations, demand for fuel-efficient commercial aircraft, attractive tax policies, and affordable lease rates contribute to the burgeoning aircraft leasing market. Emerging economies present significant growth opportunities for aircraft leasing, with technological advancements further enhancing the appeal of leasing options.

Regional Insights and Market Dynamics

Europe emerged as the highest revenue-generating region in the aircraft leasing industry in 2019, driven by high disposable income, advanced living standards, and the development of new aircraft. The region witnessed increasing adoption of aircraft leasing due to the operation of efficient commercial aircraft and technological advancements. However, North America is also a significant market for aircraft leasing, with well-established aviation infrastructure and a robust demand for air travel.

Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=Pol8

Asia-Pacific is poised to exhibit substantial growth in the aircraft leasing market, propelled by countries such as China, India, and Japan. Rising air traffic, economic development, and increasing demand for air travel in the region contribute to the growing adoption of aircraft leasing. Latin America, the Middle East, and Africa also present lucrative opportunities for market players, driven by factors such as infrastructure development and tourism growth.

Competitive Landscape and Key Players

The global aircraft leasing industry is characterized by the presence of both international and small to medium-sized vendors. Leading companies such as Aviation Capital Group, Boeing Capital Corporation, Air Lease Corporation, and International Lease Finance Corporation dominate the market. These companies continually innovate and collaborate with other industry players to meet the evolving needs of consumers and launch new products to stay competitive.

Segmentation and Market Outlook

The aircraft leasing market is segmented based on lease type, aircraft type, and region. Dry leasing and wet leasing represent the primary lease types, catering to the diverse needs of airlines. Aircraft types include wide-body aircraft and narrow-body aircraft, each serving specific operational requirements. Regionally, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa constitute the key market segments, offering insights into regional market dynamics and growth prospects.

Buy Now and Get a Discount of 30% @-https://reportocean.com/industry-verticals/sample-request?report_id=Pol8

Future Outlook and Conclusion

In conclusion, the global aircraft leasing market is poised for significant growth driven by increasing air travel rates, demand for fuel-efficient aircraft, and favorable market conditions. As airlines seek to optimize their fleets and enhance operational efficiency, aircraft leasing emerges as a strategic solution to meet evolving market demands. With technological advancements and infrastructure development, emerging economies present lucrative opportunities for market players. As the aviation industry continues to soar to new heights, aircraft leasing remains a vital component facilitating the expansion and modernization of airline fleets worldwide.

These responses will function a complete examination of the:

  • The markets’ present-day infrastructures
  • Market possibilities and challenges
  • Future plausible for increase in particular industries
  • Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
  • Representative and a price chain probability breakdown
  • Market dimension and boom price during the expected time frame.
  • The market’s important using forces
  • Key market traits are impeding market expansion.
  • Obstacles to market expansion.
  • Market’s pinnacle merchants.
  • Thorough SWOT analysis
  • Threats and possibilities confronted with the aid of the modern carriers in the world market.
  • Trending elements that affect the markets in the quite a number region.
  • Initiatives with a strategic center of attention on the pinnacle vendors.
  • PEST find out about of the five essential market regions.

Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol8

(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)

About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

Contact Information:

Email:sales@reportocean.com

Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States

Telephone: +1 888 212 3539 (US – Toll-Free)

For more information and to explore their offerings, visit their website at:https://www.reportocean.com/

Title:

Content: NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Research Dive has published a report titled, "Aerospace Avionics Market by Systems (Flight Control System, Communication System, Navigation System, Monitoring System, and Others), Application (Commercial Aviation, Military Aviation, and Business Jets & General Aviation), Distribution Channel (OEM and Aftermarket), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028"

The Global Aerospace Avionics Market is predicted to garner a revenue of $1,18,619.0 million at a CAGR of 6.7% during the forecast period, rising from $71,362.8 million in 2020.

Download PDF Sample Report of Global Aerospace Avionics Market

Regional Analysis

North America Aerospace Avionics Market accounted for $24,192.0 million in 2020 and is further predicted to generate a revenue of $38,990.1 million by the end of 2028.  The countries such as the U.S. and Canada have the most advanced infrastructure in the commercial and military aviation industry. Apart from this, the leading players of the industry are focusing on the research and development of aerospace avionics which has increased the chances of growth and sustainability of the market. These factors are expected to enhance the market growth during the forecast period.

Get 20% OFF on North America Aerospace Avionics Market Analysis (Customization)

Key Segments of the Market

The report has divided the market into different segments based on system, application, distribution channel, and regional analysis.

  • Systems: The flight control system sub-segment is predicted to garner a dominating revenue of $44,541.4 million in 2028, surging from $ 27,763.5 million in 2020. Demand of advanced aircraft operations in the military and commercial aviation is expected to be one of the main factors behind the growth of the market segment.
  • Application: The commercial aviation sub-segment is expected to register the highest revenue of $62,638.0 by the end of 2028, at a healthy CAGR of 7.0% during the forecast period.

The rising number of air travelers across the world is going to enhance the growth of the market segment during the forecast period.

  • Distribution Channel: The original equipment manufacturer (OEM) sub-segment is forecasted to garner a revenue of $67,910.5 million by 2028, increasing from $41,429.5 million in 2020. The growth of commercial, general, and military aviation in recent years is the main factor enhancing the growth of the market segment in upcoming years.

Get Additional 20% OFF on Report Customization: Grab PROMO CODE

Dynamics of the Market

Driver: The increasing number of air travelers has surged the demand of commercial aviation, propelling the growth of the global aerospace avionics market during the forecast period. Avionics systems such as communication systems, flight management system, navigation system, electrical, and surveillance systems are used in commercial systems. These factors are expected to enhance the growth of the market during the forecast period.

Restraint: Being highly sophisticated, the costs of commercial aircrafts are highly expensive. They require a huge investment for manufacturing, maintenance, and operations. This is expected to be the main restraining factor of the industry during the forecast period.

Opportunity: The increasing demand of military and commercial aircrafts is expected to create many opportunities for the market in upcoming years.

Key Market Players & Strategies

  1. NORTHROP GRUMMAN CORPORATION
  2. L3Harris Technologies, Inc.
  3. General Dynamics Corporation
  4. BAE Systems
  5. Thales Group
  6. Leonardo S.P.A
  7. Elbit Systems Ltd.
  8. Airbus
  9. General Electric
  10. Boeing

- Inquire and Get Quick Access to Top Companies Development Strategies Summary Report

These players are working on developing strategies such as product development, mergers and acquisitions, partnerships and collaborations to sustain the market growth.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.

Recent Development

In April 2021, Elbit Systems Ltd announced that its U.S. subsidiary, Elbit Systems of America, LLC, completed the acquisition of Sparton Corporation, a premier producer, developer, and supplier of systems helping Undersea Warfare for the U.S. Navy and allied military forces.

Elbit Systems expects that this acquisition will enhance its portfolio by the addition of the technological strength of Sparton to the long term strategy of the company.

Impact of COVID-19 on the Global Aerospace Avionics Market

The coronavirus outbreak has impacted the Global Aerospace Avionics Market in a negative way. Due to the restrictions imposed on the travel and tourism industry during the pandemic, the passenger demand of aircrafts has been declined. This factor resulted in the decreased demand of avionics hardware and software in the commercial aviation sector. However, with the revised and restructured business models of the industry, the global market is expected to growth after the end of the pandemic.

Access Our Comprehensive Analysis of the Impact of Covid-19 on GLOBAL AEROSPACE AVIONICS MARKET

More about Aerospace Avionics

Global Aerospace Avionics Market Is Anticipated To Generate A Revenue Of $1,18,619.0 Million, Growing At A CAGR Of 6.7% From 2021 To 2028

Global Aerospace Avionics Market Propelling with the Surging Demand of Commercial Aircrafts

How are New Technologies Going to Boom Aerospace Avionics Industry?

Related Trending Topics:

  1. Homeland Security Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 – Request to Download Sample Report
  2. UAV Drone Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample Report
  3. Satellite Data Services Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 – Request to Download Sample Report

About Research Dive:

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact Us:

Mr. Abhishek Paliwal

Research Dive

30 Wall St. 8th Floor, New York NY 10005

(P) +91-(788)-802-9103 (India)

Toll Free: 1-888-961-4454

E-mail: support@researchdive.com

Website: https://www.researchdive.com

Blog: https://www.researchdive.com/blog/

LinkedIn: https://www.linkedin.com/company/research-dive/

Twitter: https://twitter.com/ResearchDive

Facebook: https://www.facebook.com/Research-Dive-1385542314927521

View original content:https://www.prnewswire.com/news-releases/rising-demand-for-air-travel-expected-to-surge-the-growth-of-the-global-aerospace-avionics-market-in-upcoming-years-2021-2028---exclusive-report-285-pages-by-research-dive-301375095.html

SOURCE Research Dive

DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links, images, GIFs, inappropriate language, or memes may be removed by the moderator. Job listings and similar posts are likely automated SPAM messages from Facebook and are not placed by WFMZ-TV.

Title:

Content: 2021: Airlines Survived the Pandemic and Look Ahead

Business | December 21, 2021, Tuesday // 10:31
BNR

Airlines have survived the nightmarish 2020 for them, adapted to the pandemic conditions of 2021 and are now confidently looking ahead. Despite the emergence and spread of the still poorly researched version of Omicron, which has caused fear among some governments and led to new restrictive measures, investors are betting that the recovery of the global aviation market will continue.

A sure sign of this came last month from the air show in Dubai, according to Reuters. At the exhibition, Air Lease Corp. CEO Stephen Udvar-Hazi and several other companies led by Indigo Partners founder Bill Frankie ordered a total of more than 300 aircraft.

Compared to previous years, the deals are not impressive, but given the collapse of the industry in the last 18 months, they outline a new trend - the global airline business is returning. However, one element remains the same: the duel between Airbus and Boeing is doomed to continue.

It was shown by a series of orders last week. Singapore Airlines announced on Wednesday that it intends to replace its aging fleet of Boeing cargo planes with Airbus' new A350s, which feature a lightweight design. With this deal, the European company is on its way to seriously enter the air cargo sector, which until recently was dominated entirely by Boeing.

At the same time, the Australian Qantas announced that it will continue to rely on Airbus aircraft for its domestic flights, and the Air France-KLM consortium is facing a major deal with the European aircraft manufacturer.

Qantas has ordered 20 A321XLRs and 20 A220-300s with the option of 94 more in the future. The deal rose Airbus shares by 3 percent in a matter of hours. "KLM" is on its way to guarantee several dozen A321 aircraft.

The pandemic and climate have changed the business plans of aircraft manufacturers and airlines, and the trend is now increased demand for smaller and greener models at the expense of heavy machinery designed to carry many passengers.

Last week also marked the end of an era after Airbus delivered the last ordered A380 to the Emirates, closing a page in the history of civil flight. Although impressive in terms of capabilities and characteristics, the A380 super jumbo failed to realize its commercial potential and out of the planned over 1,000, only 272 aircraft were produced and delivered. It will continue to fly for a long time, but it will not leave the assembly line again.

"Airlines are increasingly thinking about their long-term plans, and especially about the environmental and social consequences and good governance," Reuters quoted Rob Morris, head of Ascend. "Everyone is saying to themselves, 'If I don't think about rebuilding the flotilla now, I'll be behind,'" he added.

Both Airbus and Boeing sold out everything by the middle of the decade, with a focus on mid-range aircraft, but the boom in pre-pandemic deals is unlikely to return any time soon. However, as years pass from the order to the actual delivery of the aircraft, the airlines can now make plans for the second half of the decade. "This is a market for buyers and a great time for them to take advantage of the situation," said aviation consultant Brendan Sobie.

Despite the uncertainty caused by the still untamed pandemic, the orders of Airbus and Boeing for the first 11 months of 2021 reached a total of 1439 aircraft, which is three times more than in 2020. The growth is largely due to the fact that Boeing's 737 MAX was again allowed to fly after a long ban caused by two fatal crashes.

Whether investors betting on new aircraft will be right depends on many factors. Among them are travel opportunities in 2022, the impact of Omicron, strict border controls, especially by China, and others, analysts say. According to Eamonn Brennan, CEO of Eurocontrol, any delay in opening the Chinese market beyond the last quarter of next year will hit the recovery of the aviation sector hard.

It also depends on the implementation of the required environmental objectives. New aircraft models reduce emissions by about 15 percent compared to previous ones, and the sector as a whole plans to reach net zero emissions by 2050. In the short term, however, the industry is forced to rely on energy producers to supply cleaner fuel.

/BTA

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: airbus, Boeing, aviation, sector, 2021
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria

Textron has made huge strides with sustainable fuel and a valuable defense contract.

Title:

Content: Textron: An Overlooked Aviation Value Opportunity

Textron has made huge strides with sustainable fuel and a valuable defense contract

16 hours ago
Summary
  • Textron's sustainability investments could pay off in the long run.
  • The company has also won a $70 billion Army contract, though this is under fire from a Lockheed Martin protest.

The aviation and defense industry can be difficult to assess due to its contract-based structure, geopolitical exposure and huge capital expenditures that may or may not pay off. As shown by cases such as the that of Boeing’s (

BA, Financial) 737 Max, a high-profile failure can lead to years of underperformance and financial losses for a company in this industry.

However, it is still possible to identify aviation and defense stocks with outperformance potential by looking for key tailwinds such as lucrative contracts, growing backlogs and technological advancements. One overlooked company that is doing well based on these criteria is Textron Inc. (

TXT, Financial).

From its humble beginnings as a synthetic yarn producer in 1923 (which was a cutting-edge product at the time), Textron’s predecessor company transitioned to a parachute maker in World War II and then began the process of making acquisitions to become an aviation, defense and industrial products conglomerate. Nowadays, it is home to several industry-leading brands, including Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat and more.

The company’s key areas of growth are aviation and defense, which are supported by a robust financial business. It recently marked a big defense milestone by winning a U.S. Army helicopter contract for its tilt-rotor aircraft, the V-280 Valor, to replace retiring Black Hawk aircraft, beating out Lockheed Martin (

LMT, Financial) and Boeing. The contract could be worth as much as $70 billion over the decades, according to the Army. Textron is also positioning itself as an early leader in sustainable aviation fuel (SAF), which could serve as a long-lasting growth booster as companies look to decarbonize.

Key contract set to drive sustainable revenue boost

A contract worth $70 billion over the next few decades may not be enough to move the needle at a giant like Lockheed Martin, but Textron has a market cap of just $14.09 billion as of this writing, and its revenue for full-year 2022 was $12.86 billion. Out of that, $3.1 billion in revenue came from the company’s Bell division, which houses its military rotorcraft and commercial helicopter operations. In other words, the V-280 Valor could be a significant revenue booster in the coming decades.

The contract has been protested by Lockheed Martin, which asked the U.S. Government Accountability Office to review the decision based on its assertion that Lockheed Martin’s proposal would provide better value to the Army and taxpayers. It should be noted this is just standard procedure and posturing; competitors cannot just take losing a contract at face value without protesting the decision because it would make them look weak and thus decrease their chances of getting more contracts in the future.

According to J.J. Gertler, a senior analyst at the Teal Group Corp., approximately 45% of such protests are successful, likely due to the highly speculative process of trying to figure out which contractor’s proposal is the best combination of value and performance. The results of this particular review are due on April 7, so the GAO’s final decision on the matter should go public soon.

However, a few years ago, Congress made it a requirement for the U.S. Department of Defense to explain to a company why it won or lost a competition, which has decreased the number of protests and increased transparency. “We are confident that the process we went through was disciplined and deliberate and it counted for the complexity of the decision that was involved,” Major General Robert Barrie said on the subject of the Army’s decision to award the contract to Textron.

Sustainable fuel investments could pay off in the long run

Textron’s Aviation division is even bigger than its Bell division, recording $5.1 billion in revenue in 2022. As the demand for aircraft of all types and sizes continues to grow on a global scale, companies are increasingly paying attention to the fuel consumption of their aircraft. Fuel is a significant cost of aircraft operation, and since there is a limited supply of fossil fuels in the world, it is destined to become increasingly expensive in the long run. Thus, aircraft manufacturers that make early moves in sustainable and alternative fuels and fuel efficiency can position themselves better for long-term growth.

All newer Textron Aviation turbine aircraft can operate with sustainable aviation fuel, which is made from renewable and waste feedstocks. While it is not clean-burning, SAF does reduce greenhouse gas emissions on a lifecycle basis. Buyers of certain Textron aircraft can get SAF in their initial tank upon delivery, and the company’s Wichita service center offers SAF refueling. Textron Aviation is aiming for all post-2020 growth to be carbon neutral, and it hopes to cut its carbon emissions in half by 2050.

Textron has also made a move into electric aircraft with its fourth-quarter 2022 acquisition of revolutionary Slovenian aircraft developer Pipistrel for $235 million. Pipistrel now makes up Textron’s new eAviation division. It’s far from being a profitability driver at the moment, as the business reported revenue of $6 million and a net loss of $10 million in the fourth quarter of 2022. However, Pipistrel is famous for having developed a light plane that can fly with an energy cost of as little as 1 euro ($1.10) per hour, and as Textron’s naming of the new division shows, it plans to focus primarily on developing the company’s electric aircraft.

Valuation and takeaway

Despite its promising growth outlook, Textron trades at a price-earnings ratio of just 17.25. Based on analyst estimates from Morningstar (

MORN, Financial), the forward price-earnings ratio is even lower at 13.43. This may be due in part to how choppy the company’s bottom line has been historically.

Textron maintains a solid balance sheet with a Piotroski F-Score of 7 out of 9 and an interest coverage ratio of 8.25, and its research and development spending typically runs around the mid 4% range of revenue, which does not break the bank. This strategy may draw criticism in a bull market, but in the current rising interest rate environment, it gives Textron a leg up to invest in growth.

The GF Value chart rates the stock as fairly valued. Despite the stock’s recent upwards trajectory and low price-earnings ratio, it has a volatile history, so the company may need to prove its ability to record significant growth before Mr. Market pays attention.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure
Rating:
0 / 5 (0 votes)

Sustainable fuel investments could pay off in the long run.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is investing in sustainable aviation fuel production projects.

What is United Airlines doing for the development of sustainable aviation fuel?

It has launched a $100 million venture capital fund to invest in startups working on the research and development.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel