Small-jet market good for engines
GE Aircraft Engines expects the market for small commercial jets powered by its CF34 family of engines will more than triple over the next two decades - from 2,000 this year to 6,800 in 2023. The jets generally seat fewer than 100 passengers. GEAE expects to ship this year more than 400 CF34 engines, the third consecutive year production has topped 400. GEAE delivered just over 1,900 CF34 engines worldwide from the program's 1992 launch through 2003. Embraer Aircraft, in its first 20-year forecast, sees a market for 8,450 small jets, seating 30 to 120 passengers.
Local production and orders on rise
Greater Cincinnati's economy continued growing in April, with large numbers of companies reporting rising orders and production, according to a poll released Thursday by the National Association of Purchasing Management-Cincinnati. Still, the number of employers increasing hiring remains small, and many report rising prices on commodities such as metals and gasoline.
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