02/05/18 -"At a time of global strong traffic growth, the aerospace industry is about to reach the end of a painful and costly ramp-up phase that has weakened its cash flow generation for a long time. Some companies might benefit more than others from this shift. Also, as the low-cost long-haul segment develops thanks to new programmes, legacy airlines are likely to suffer if they don’t react quickly. Finally, while the European Defence Project is taking shape, cyber-security development and Brexit consequences will impact the sector’s evolution. "