The hundreds of billions of dollars worth of airliner orders now on the books will help insulate aerospace manufacturing companies from the industry crisis now facing U.S. airlines, according to an aerospace manufacturing trade group based near Washington, D.C.
Aerospace Industries Association
The Aerospace Industries Association (AIA) said that increased exports of aerospace products in the final quarter of last year sent the aerospace industry’s positive trade balance into record territory, with a final tally of $60.4 billion.
Marshall Larsen, 53, has been named president and COO of Goodrich. Larsen has been leading the company’s aerospace units since 1995 and he is expected to become chairman and CEO of the Charlotte, N.C., firm when David Burner retires in 2004. Burner credited Larsen for his leadership in Goodrich’s transition from a chemical and rubber company to a leading aerospace supplier.
The U.S. civil aviation and space programs have developed what Aerospace Industries Association president and CEO John Douglass calls “a creeping crisis,” where “almost every day some kind of relatively bad news has come in, despite what I consider to be an aggressive effort by our government to fix the security problems.”
With total sales expected to hit nearly $200 billion by the end of last year and a backlog of $360 billion, the Aerospace Industries Association (AIA) sees a strong U.S. aerospace manufacturing sector continuing to set records over the next few years.
John Douglass hands over the presidency of the U.S. Aerospace Industries Association next week to former Federal Aviation Administration administrator Marion Blakey after a nine-and-a-half-year tenure.
In her final speech before the Washington Aero Club as FAA Administrator, Marion Blakey on Tuesday said that airline schedules “are at times out of line with reality” and if airlines don't voluntarily reduce flights they shouldn't be surprised if the government steps in. “Drawing down the schedule at Chicago was not my happiest hour, but it could come to that on the East Coast as well,” she confided.
FAA Administrator Marion Blakey will become president and CEO of the Aerospace Industries Association (AIA) when her term as head of the agency ends September 13. AIA is an Arlington, Va.-based trade association representing the nation’s manufacturers of civil and military aerospace products.
The Aerospace Industries Association (AIA) announced yesterday that FAA Administrator Marion Blakey will become the trade group’s president and CEO when she leaves the FAA at the end of her five-year term on September 13. She will step into that role on November 12. She will succeed current AIA president and CEO John Douglass, who announced his retirement several months ago.
John Douglass, who became only the seventh full-time chief executive of the Aerospace Industries Association in 1998, plans to retire as the group’s president and CEO on December 31. The AIA was founded in 1919 and counts Orville Wright and Glen Curtiss as early members.