Completions & Refurb Special Report: When recovery isn’t recovery

In September 2010, the National Bureau of Economic Research declared that the recession had ended in June 2009 and a recovery was under way. But three years later, Americans awakened on a day in June to the headline news that the unemployment rate had risen from 8.1 percent to 8.2 percent in the previous month, U.S. employers had added just 69,000 jobs, and the Dow Jones had reacted by falling 275 points to mark its worst day of 2012. So what does that portend for business aviation and the sub-industry we know as cabin completion and refurbishment? Consider the following: