Pelton Senses Thawing Of Business Aviation Market | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

 

** Airborne 07.30.14/Oshkosh Day 3! ** HD iPad-Friendly Version--Airborne 07.30.14/Oshkosh Day 3 **
** Airborne 07.29.14/Oshkosh Day 2! ** HD iPad-Friendly Version--Airborne 07.29.14/Oshkosh Day 2 **
** Airborne 07.28.14/Oshkosh Day 1! ** HD iPad-Friendly Version--Airborne 07.28.14/Oshkosh Day 1 **

Mon, Oct 19, 2009

Pelton Senses Thawing Of Business Aviation Market

Cautious Optimism That Business Will Improve

Cessna comes to the 62nd NBAA Meeting and Convention with optimism that the business aviation market is thawing.

"I'm far from ready to call a turnaround, but we do continue to see some encouraging developments," said Cessna Chairman, President and Chief Executive Officer Jack J. Pelton.

"Financing is more readily available, used aircraft inventory is lowering and prices for used aircraft have increased for the first time in several quarters. Average Daily Utilization figures for the Citation fleet have stopped dropping and bookings for maintenance work are on the rise. We are seeing signs of stabilization and some indicators that the business jet market is starting to move in a positive direction. Single engine retail sales have been particularly strong in recent weeks which is usually a forerunner for the rest of the product line."

Cessna's static display at Orlando Executive Airport features the full line of current production Citation business jets: the Citation X, Citation Sovereign, Citation XLS+, Citation Encore+, Citation CJ3, Citation CJ2+, Citation CJ1+ and a Citation Mustang. On Wednesday, Oct. 21 only, a Citation CJ4 will be on hand. An upward extension of the CJ family, the CJ4 is currently in the flight test phase of development. The exhibit also will include two ValuePlus previously owned Citations: a Citation Excel and Citation V. A Grand Caravan and Cessna Corvalis TT will be on hand to represent Cessna's line of turboprop and single-engine piston models.

 Citation Mustang

"We're going 'back to basics' this year at NBAA, concentrating on exhibiting our products at the static display and not having a booth in the convention hall," Pelton said.

"We do upward of 60 events a year, and NBAA is still one of just a handful of shows that truly brings people from throughout the world to one place for business aviation. This is increasingly important as the international markets seem less frozen than our domestic market right now, particularly Western Europe and South America."

FMI: www.cessna.com

Advertisement

More News

ICON Aircraft Constructs And Flies First Production A5

ESN-1 Was Built From The Production Design, Tooling After years of waiting... and doubting... ICON Aircraft has unveiled what it says is the first production A5, an aircraft the co>[...]

Airborne 07.30.14: WomenVenture 2014, Skycraft Update, IMC Club Award

Also: AvNav EFB, Lockheed Martin, One Week Wonder Update, Pelton Intvw-Part3 It was hard to miss the energy, enthusiasm, and interest in aviation by hundreds of women celebrating a>[...]

EAA Holds Annual Meeting

Membership Feels Flight Path Still On The Center Line EAA held its annual membership meeting on Wednesday, at 08:30 on 30 July 2014 at Oshkosh, WI. in the Theater of the Woods. In >[...]

Historic OSH2014 Sponsor: Bendix-King by Honeywell

OSH2014 Sponsor: Bendix-King by Honeywell The history of the Bendix name runs parallel to the development of King Radio until the mid-1980s, when the Allied Corporation purchased B>[...]

Life-Saving OSH2014 Sponsor: BRS Parachutes

BRS Parachutes: Defining Aviation Safety It's a simple idea, really. A parachute which will, when deployed, turn what could be a very bad situation into one in which not only the o>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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