Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"As the general economic environment has deteriorated, new order activity has declined and order cancellations have increased. The Company does not believe 2009 new bookings will reach recent year levels and anticipates declining backlog in 2009."

Source: From a statement by Hawker Beechcraft, announcing Thursday the planemaker's 2008 sales, deliveries and earnings figures. HBC posted net sales of $3.5 billion and operating income of $135.5 million for the 12 months ending December 31, 2008. The planemaker delivered 441 business and general aviation aircraft in 2008, consisting of 160 business jets, 178 turboprops and 103 piston aircraft... an 11-plane increase over its 2007 numbers. The company recorded a net after-tax loss for the year of $139.9 million, due primarily to a non-cash increase in tax expense of $108.7 million.

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