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"Dan Luke wrote:
And why is this so? Because aviation businesses are almost all terribly difficult to be successful in: only those who have love and devotion to invest will be true winners, ala the Klapmeiers. Note I do not equate mere survival (Mooney, Piper, Lycoming, Continental, etc.) with success. I'm reading Donald Pattillo's book, "A History in the Making: 80 Turbulent Years in the American General Aviation Industry." Compared to the past going back to 1920, the GA insdustry has been relatively stable in recent years. In fact, it was so bad in the early days, that one would have difficulty looking at only the GA industry to determine when the Great Depression occurred. Remarkable also is how very old the problems are where demand for small planes is very price sensitive, new designs are often a unit sales success but financial loss, and the availability of much cheaper, good used planes depresses demand. Fred F. |
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