Facing recession, bizav cuts back
That sound you hear is the subdued tightening of belts as business aviation faces a recession after a half-decade of unprecedented growth.

It wa

That sound you hear is the subdued tightening of belts as business aviation faces a recession after a half-decade of unprecedented growth.

It was in early 1996 that the General Aviation Manufacturers Association (GAMA) pronounced “the recovery under way” with a report that deliveries and billings in 1995 had jumped 16.1 and 16.7 percent, respectively. “The downward spiral has stopped at long last,” said Edward Stimpson, then president of GAMA. And it was in 1995 that U.S. business aircraft manufacturers Cessna, Gulfstream, Learjet and Raytheon delivered a combined total of 632 turboprop and jet aircraft, counting it an excellent year.