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Thu, May 26, 2022

Aero-News: Quote of the Day (05.26.22)

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

"This quarter's report is unique in the fact that year-over-year forward-fit sales jumped 34.6%, which coincides with increased airplane deliveries, and we simultaneously saw year-over-year retrofit sales decline 8.3%. Clearly, growing inflationary pressures and supply chain constraints are ongoing concerns, but to what extent they will impact sales numbers in these two markets this year is uncertain."

Source: AEA President and CEO Mike Adamson, detailing the Aviation Electronics Association industry’s results of the 1st quarter of 2022, reporting that more than 634 million dollars’ worth of business and general aviation avionics were sold throughout the world. 

FMI: www.aea.net

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