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The airline industry is strongly affected by economic instability. In the late 1960's early 1970's Boeing was struggling with escalating cost, sever cash shortages, and production inefficiencies due to order cutbacks that resulted from the deep recession. Technology has a strong impact on the industry and is very important to stay ahead of the game. New development of metallic and nonmetallic composite materials has improved the process of improving airframe and engine performance. Electronic advancements are in play with revolutionized avionics and the increasing use of semiconductors by aircraft manufacturers...
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