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Article: Aircraft Finance & Leasing News - North America.(Company overview)
- Article from:
- AirGuide Business
- Article date:
- October 26, 2009
CopyrightCOPYRIGHT 2009 Pyramid Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 25, 2009
The worst is over for business aviation after a "brutal" 12 months since the last NBBA show, but recovery in 2010 will be slow, according to Cessna chief executive Jack Pelton. The sector's biggest manufacturer by volume has been one of the worst hit, shedding half of its 16,000 employees this year and dropping output from a planned 500-plus aircraft to fewer than 300. Production next year will fall further. However, Pelton said the cuts had been necessary and had equipped the Wichita-based company to operate profitably and match output to demand for the next two years. Oct 20, 2009
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