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Several weeks ago, as the Farnborough Airshow approached, some in the aerospace industry again questioned the relevancy of the 64-year-old aerospace and defense tradeshow.
In an increasingly global industry, profoundly transformed over the past quarter century, new venues such as Singapore , Dubai and Bangalore have grown in importance given the significance of their regional market opportunities and potential partnerships.
In spite of these developments Farnborough is not an anachronism and it remains a premier venue to take the industry's pulse and assess its global health ahead of what promises to be a very challenging production surge for commercial aircraft suppliers and a contraction for most U.S. and EU defense prime contractors.
Commercial aerospace has been a beacon in an otherwise depressed global economy still struggling to return to growth following the financial crisis. While the U.S. and Europe appear to have again stalled for myriad reasons, it is evident that continuing policy errors in Washington, Brussels, Paris or Athens could negatively impact air travel, jeopardizing sales of commercial, business or general aviation aircraft.
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