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Fri, May 09, 2008

Aero-News: Quote of the Day (05.09.08)

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

"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 sales soon.

FMI: www.gama.aero

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