IRVINE, CA – Elite Aviation Products’ executive management team recently had the pleasure of attending the world renowned International Paris Airshow. This week long bi-annual event plays host to all the key figures in the global aerospace industry who seek to drum up new business and solidify crucial partnerships. The figures from day one alone were extremely favorable. Between Boeing, Airbus, Embraer, and Bombardier, over $42 billion dollars of additional orders were added to the queue (final numbers stood at $107 billion for the week).
“Being part of an event as big as the Paris International Airshow allows us to gauge the pulse of the marketplace,” Stated Dustin Tillman, CEO of Elite Aviation Products. “While initial reports suggested this historical amount of backlogged aircraft may be plateauing, clearly the $107 billion worth of additional new orders told a much different story.”
One of the key takeaways from this ever rising backlog of aircraft was made extremely evident in the recent Forbes.com article titled ‘Paris Air Show: Boeing Loses Out To Airbus On Total Commercial Orders, Buzz About Upcoming Jet.’
“While both Boeing and Airbus are contemplating an increase in their production rates, they are faced by supplier capacity constraints,” the article illustrates. “Suppliers to the two commercial jet manufacturers feel their capacity is already pretty tapped out. Hence, supporting further increases in production rate will be hard for the suppliers to achieve.”
With every tier of the supply chain underneath these industry behemoths being ‘tapped out,’ it clearly leaves the door wide open for forward thinking suppliers like Elite Aviation Products. These ‘tapped out’ suppliers have failed to recognize the changes that need to be made in order to capitalize on this historic workload. Where others have failed, Elite is poised for success. By acquiring the most advanced technology, rapidly expanding their capacity, and acting as true extensions of their customers’ businesses, Elite Aviation Products stands to be the new brand of global supplier.