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Mon, Mar 19, 2018

Aero-News: Quote of the Day (03.19.18)

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

"The demand for aircraft will increase substantially in APAC because of the increasing air traffic in developing countries. The number of people in the middle-income group will also increase significantly over the forecast period. Also, there will also be an increase in the purchasing power of the middle-income group. Therefore, the surge in the number of aircraft will drive the growth of the global aviation fuel market during the forecast period.”

Source: From statements made by a senior analyst at Technavio for oil and gas research. The global aviation fuel market is expected to grow at a CAGR of close to 4% during the period 2018-2022, according to a new market research study by Technavio.

FMI: www.technavio.com

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