The aviation crisis is now regional


Even in an aviation market that has rewarded shorter routes, regional airlines are doing very poorly.

This week, based in Cleveland Parker-Hannifin its acquisition of British aerospace and defense supplier Meggitt for £6.3 billion, or $7.2 billion. While it seemed like a fair price when the deal was announced last year, Wall Street analysts have since postponed their expectations of a takeover at Meggitt by a few years. Store visits by big jets have been delayed due to the slow reopening of international routes. As George Zhao of Bernstein Research points out, it was the rebound in regional aircraft that really disappointed.


Wj

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