Wed, Aug 12, 2020
Aero-News: Quote of the Day
ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.
Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.
Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"Realizing a substantial decrease in worldwide avionics sales during the second quarter was the expectation in light of the COVID-19 pandemic. The economic impact of the disease has been significant, and the business and general aviation electronics industry is not immune to the crisis. However, I remain optimistic that our industry will be poised for recovery as our shops and manufacturers continue their essential operations, legislators continue to address key employment initiatives, and our industry amplifies the immense value of business and general aviation as an economic catalyst."
Source: AEA President and CEO Mike Adamson, in remarks accompanying the most recent Aircraft Electronics Association second-quarter 2020 Avionics Market Report. In the first six months of the year, total worldwide business and general aviation avionics sales amounted to $1,151,137,731.73, or more than $1.1 billion as reported by the participating companies.
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