Fri, May 09, 2008
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
Sometimes, you'll find them timely and in keeping with the
content of the day's news... and sometimes, they'll just be
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
"Customers have told our manufacturers that bonus
depreciation, made part of the US economic stimulus package in
February, is generating new sales within the piston segment.
Although the provision applies to both piston and turbine engine
aircraft, we believe that in light of current backlog, the piston
manufacturers will benefit more proportionately because bonus
depreciation applies to purchases made in 2008 with delivery in
2008 or 2009."
Source: Alan Klapmeier, Chairman of the General
Aviation Manufacturers Association. On Thursday, GAMA announced
first quarter shipment and billings figures. Total industry
billings were up 16.1 percent to $5.3 billion, an all-time high for
the first quarter, while total shipments were down by 7.5
percent... including a 28 percent slump in deliveries of piston
aircraft. Despite that discouraging downturn, Klapmeier said recent
government action could result in an upswing in piston aircraft
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