Originally shared by Todd “Kestrel Aircraft” Lohenry

Aero-News Network talks about #innovation and #transformation in #generalaviation

James Campbell and his team report about recent megatrends in general aviation…

While most are bullish on their profit margins, the numbers are still considerably lower than the 3.1 percent from 2010, and CEOs are now focusing on a long-term planning horizon of five years or more to provide time to respond to the changing needs of their organizations. “It’s an encouraging sign that on the 100th anniversary of commercial aviation, airlines are emerging from a difficult period with improved growth and profitability.  Over the next 20 years, the industry is expected to more than triple in size to meet the demand for air travel and cargo services, fueled by the fast emergence of a new middle class in developing countries,” said Jonathan Kletzel, U.S. transportation and logistics leader, PwC. “Previously, change, where it has come, has been incremental rather than transformational with only pockets of innovation, but the demand should encourage airline CEOs to explore a broader range of service and business models to innovate and drive competition on many different dimensions.”

Get the rest of the story after the jump…

http://www.aero-news.net/index.cfm?do=main.textpost&id=de6f04bd-71ba-4a55-9986-ddca44538459