The general aviation market has historically been highly sensitive to economic conditions, with the segment typically being the first to undergo a reduction in production following an economic downturn. Strong worldwide economic growth during the past five years led to high levels of production. With the economy weakening, the trend in production is ready to turn downward. Our projections assume that at least modest economic growth will continue for the next several years before slowing toward 2011. Production can be expected to be slow, but we do not anticipate it to fall drastically provided that the anticipated economic slowdown does not turn into a severe downturn.
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