Flying Into Howling Headwinds

Regional planemakers--the manufacturers of those puddle-jumpers so useful for getting to small cities--are beginning to see a surge of orders, after one of their worst slumps ever. But executives at such companies as British Aerospace, Embraer, Fokker, Saab-Scania, and ATR are hardly rejoicing. Instead, they face an industrywide crunch of their own making: a rapidly developing glut of new models. Says Laurence Price, vice-president at aviation consultant SH&E in London: "There may be too many [regional aircraft], even though the market has been growing very strongly."

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