Cessna Aircraft officials predict the business aviation market is thawing.
“I’m far from ready to call a turnaround, but we do continue to see some encouraging developments,” Chairman, President and Chief Executive Officer Jack J. Pelton said on opening day of the National Business Aviation Association (NBAA) convention in Orlando. “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.”
For more information: Cessna.com.