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 significant contraction of industry sales during the last six months has been driven by the international health crisis. However, we are encouraged with the direction of activity in the retrofit market, which is up nearly 11% over second-quarter total sales. In addition, the overwhelming majority of AEA member shops and manufacturers are continuing their essential operations, and many are reporting customer backlogs that extend several weeks and into next year."

Source: AEA President and CEO Mike Adamson, commenting on the most recent AEA Market Report for 3Q/20. In the first nine months of the year, total worldwide business and general aviation avionics sales amounted to $1,670,804,856.73, or more than $1.6 billion as reported by the participating companies. The figure represented a 27% decrease in total sales compared to the first nine months of 2019.

FMI: www.aea.net