Tickers in this Article: CAE, BA, ERJ, LCC
The biennial Paris Air Show usually sets the tone for the aviation industry for months afterward. And, for good reason. This is where a ton of airliner purchase deals are inked. This year's show has already led to confirmed orders for Boeing (NYSE:BA) worth at least $19.4 billion, while rival Airbus has won at least $25.9 billion in new contracts. Billions more worth of business, however, are still expected for both companies, with at least another $16 billion expected for Airbus after India's Indigo officially places an order for 180 A320neo jets.

Unfortunately, the sheer size of the numbers Boeing and Airbus are putting up are detracting from equally compelling - though smaller scale - related opportunities. Here are four investment-worthy trends that have surfaced thanks to the air show, yet have mostly remained under investors' radars.

TUTORIAL: The Industry Handbook: The Airline Industry

Corporate Aircraft Demand Picks Up, Scales Back
Though corporate jet demand has waned, piston-powered (propeller-driven) plane demand has actually increased. Dan Hubbard, VP of communications for the National Business Aviation Association, notes that this is an omen of a pickup in jet demand. He also sees encouragement in the over 5% increase in the total number of hours corporate planes have spent in the air this year. (Break through the clouds to see if these stocks will rocket higher or crash and burn. For more, see Is That Airline Ready For Lift-Off?)

Commuter Planes Back in Demand
Brazil's Embraer SA (NYSE:ERJ) verified a rebound in demand for small and mid-sized commuter jets. The company has booked $1.7 billion worth of new business from the Paris Air Show. For reference, Embraer has generated $5.87 billion worth of business over the past four quarters.

Support/Training Equipment in Equal Demand
Before new pilots fly new planes like the new A320neo or Boeing's new 737, they have to be trained. That means many hours in flight simulators. Canadian flight simulator manufacturer CAE Inc. (NYSE:CAE) has announced at least $100 million worth of orders as a result of the air show. Buyers include British Airways and US Airways (NYSE:LCC), just to name a few.

BRICS Getting Into the Business
Though not disruptive to the major airliner manufacturers yet, emerging market plane makers are getting into the aircraft business. Though there's no way for investors to make a direct investment in any budding foreign aircraft maker now, there may be by the time these companies hit their full aircraft stride several years from now. (For more on emerging markets, see What Is An Emerging Market Economy?)

Bottom Line
Undoubtedly these stocks will be swayed by the short-term ebb and flow of investor emotions. So, if the industry's stocks seem undesirable right now, that may be more a function of the current market environment and less a function of future value. This t underscores something critical about the airliner business - the sales-to-delivery cycle is enormously long.

The commitments discussed above are just that in most cases - commitments. Those deals will feed manufacturers a revenue stream for several years. The industry is rebounding because airplane buyers have left it little choice. That's great news for true buy-and-holders. (For related reading, see Buy-And-Hold Investing Vs. Market Timing.)

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