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Article: Cessna Senses Thawing of Business Aviation Market.
- Article from:
- Defense & Aerospace Week
- Article date:
- November 4, 2009
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Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, comes to the 62nd National Business Aviation Association Meeting (NBAA) 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. ...