A long, long time ago in a marketplace far away—i.e., this past February and March, just before the Boeing 737 MAX was grounded and U.S. trade wars with China and Europe were solidified—Teal Group consultant Richard Aboulafia gave a round of presentations to some aerospace manufacturing conferences. One of them was titled, “Two Thoroughbreds and a Herd of Donkeys.” Aboulafia’s presentations addressed the whole aviation market. While a few of the important ...

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