Cessna Sees Signs Of Recovery In The European Business Jet Market | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

Tue, May 04, 2010

Cessna Sees Signs Of Recovery In The European Business Jet Market

CEO Pelton Says EU Will Be Cessna's Largest Non-U.S. Market For "Some Time"

Speaking at the European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland, Jack J. Pelton, chairman, president and CEO of Cessna, said the business jet industry is showing signs of returning to life in Europe. “Levels of interest in our aircraft are definitely beginning to pick up and, while the recovery may be slow, there are reasons for optimism," he said.

“Europe is arguably the most diverse region in the world for business aviation," Pelton continued. "There are established major markets like Germany and the UK, and I’m also optimistic about emerging markets. Before the economic downturn, for example, Eastern Europe was a very strong region for us and we are beginning to see signs – including Citation sales – of that business coming back."

Pelton said Europe will undoubtedly remain a growth area for Cessna, driven by the significant advantages that stem from business aviation. "We expect the European Union to remain our single largest market outside the U.S. for some time," he continued.


Citation CJ4

“In the current economic situation, European customers are balancing the desire for the time-saving advantages of business aviation with a pragmatic assessment of cost," Pelton concluded. "The Citation Mustang, Citation XLS+, CJ2+ and CJ3, in particular, do well here. And we’re very optimistic about the Citation CJ4 entering the market and offering current Citation owners and operators an opportunity to upgrade.”

The CJ4, on show in Europe for the first time at EBACE, is approved for single-pilot operations and shares a common pilot type rating with the other CJ aircraft, so a pilot rated to fly any one of the CJs is rated to fly them all. EASA certification for the CJ4 is slated for the end of this year.

FMI: www.cessna.com

Advertisement

More News

Classic Aero-TV: 26,000 Pounds of Heli-Beast -- The Cold War Air Museum’s Mi-24

Ugly To Many, But Incredibly Beautiful To Hard-Core Helo Fans ANN CEO and Editor-in-Chief, Jim Campbell visited the Cold War Air Museum's Mi-24 Russian helicopter at HAI a little o>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-News: Quote Of The Day (09.01.14)

“We are delighted that construction of a world-class aerospace assembly facility is underway in Lafayette and that skilled Louisiana workers will be producing the standard-be>[...]

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Klyde Morris (09.01.14)

Klyde Drones On... and On... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC