The surge in oil prices, a sinking dollar and sagging Western economies have left commercial aviation on its knees, but the outlook for military aviation sales is brighter, helped by demand from emerging defense markets, evolving security threats and continuing conflicts around the world.
In the past six months, at least a dozen commercial airlines have failed, while others have been forced to ground planes, raise fares, cut jobs and consider mergers as oil prices have climbed to record levels.
But military procurement is different. Governments, not private companies, order the planes and pay the fuel bills. It is an opaque world, in which politics often trump economics in determining contract awards, and accusations of foul play, favoritism and outright bribery are common.
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