Description

The recent global recession took a heavy toll on many industries, evident in waves of layoffs, lost revenue, bankruptcies, and a general sense of uncertainly about the future. In comparison, the aerospace manufacturing industry, as a whole, continues to buck the trend-finishing 2010 with record results. Asia Pacific represents a major market for the commercial aircrafts for the next two decades. The cost arbitrage enjoyed by Asia Pacific countries and the government's offset regulations are forcing the western aerospace manufacturers to set up their base in Asia Pacific. In the Asia Pacific region, Singapore, China, India, Australia, and Japan offer tremendous scope of growth for the aerospace manufacturing revenues.