Industry & Services >> Analyst Interviews >> August 2, 1999

Outlook For Commercial Aircraft : Pierre A. Chao – Credit Suisse First Boston

PIERRE ALEXANDER CHAO, Managing Director, is responsible for coverage of the US and global aerospace/defense industry at Credit Suisse First Boston. Prior to joining CSFB in 1999, Mr. Chao was the Senior Aerospace/Defense Analyst at Morgan Stanley Dean Witter from 1995-1999 and the senior industry analyst at Smith Barney during 1994. His other experiences include being a co-founder and director at JSA International and M&A Banker at Prudential-Bache Capital Funding focusing on aerospace/defense (1988-90). In 2000, Mr. Chao was appointed by President Clinton to the Presidential Commission on Offsets in International Trade and participated on the Army Science Board. He is a member of the Aerospace Analyst Society (formerly President), Air Force Association, Society of Old Crows, The Navy League, Wings Club, Foreign Policy Association and is a Chartered Financial Analyst. He has made numerous presentations and testified before organizations such as the U.S. Senate Armed Services Committee, the House Science Committee, DoD Defense Science Board, Aerospace Industries Association Board of Governors, Electronics Industries Association, NASA, DGA (France) and NATO. Mr. Chao earned dual Bachelor of Science degrees in Political Science and Management Science from MIT. Profile
TWST: Pierre, where are we in the cycle for the commercial sector of


Mr. Chao: We're actually at the beginning of the downturn in the

commercial aircraft cycle. I think the orders