Recaro Aircraft Seating anticipates even faster growth of its seat business in the coming years as demand for retrofits picks up. “The retrofit market is coming back,” Recaro CEO Mark Hiller said on the sidelines of the IATA AGM in Sydney June 2. Even if airlines decide to reduce capacity expansion because of higher fuel prices or other reasons Hiller said he does not see growth in the seat market flattening. Recaro’s revenues have grown by around 10% annually over the ...

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