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Aviation Industry and Future

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Aviation Industry and Future
THE AVIATION INDUSTRY

The Aviation Industry and the Future

Abstract

This paper looks at the Aviation industry. A description of how the aviation industry includes manufacturing, airport operation, maintenance, and pilots. It looks at how the aviation industry has a positive influence on other business such as sightseeing/tour, hotels, and restaurants. Finally the paper looks at how the industry is doing now and the projections for the future.

The aviation industry is alive and well. The aviation industry means different things to many people. Some people only think of the pilots who fly commercial airplanes when they think of aviation. Others include the airports and private planes. Unless you are involved in the aviation industry, the many aspects of aviation are not readily thought of. Not only does the aviation industry involve manufacturing of aircraft, airport operations, and aircraft maintenance but it also influences many industries associated with airline travel. The travel and tour business along with the hotel and restaurant business prospers from air travel. All of these are doing well now and the projection for the future looks strong. Let s begin by looking at what makes up the aviation industry.

Aviation Industry

A lot of people think that if you say you work in the aviation industry that you are a pilot. A large percentage of the airline industry is involved in the manufacture and maintenance of aircraft, along with the jobs related to operating and maintaining an airport.

Manufacturing of aircraft is big business. Aircraft manufactures employ thousands of people. Some major manufacturers include companies such as McDonnell Douglas, Boeing, Lockheed Martin, and Pratt-Whitney. These companies have contracts with major airlines in both the United States and overseas. Boeing aircraft alone at the end of 1997 had contractual backlog of 93.8 billion dollars for commercial airplane (www.boeing.com). Along with that is the contracts

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