Things looking up, Cessna’s Pelton says | Aviation International News

Things looking up, Cessna’s Pelton says

Although not ready to call the market upticks of late a thawing of the business aviation marketplace, Cessna CEO Jack Pelton said he’s encouraged by a few

By AIN Staff • AIN Staff

October 19, 2009

Although not ready to call the market upticks of late a thawing of the business aviation marketplace, Cessna CEO Jack Pelton said he’s encouraged by a few recent signs that are trending positive.

“Financing is more readily available, used aircraft inventory is dropping and prices for used aircraft have increased for the first time in several quarters,” Pelton said. “Average daily utilization figures for the Citation fleet have stopped dropping and bookings for maintenance work are on the rise. Single-engine [airplane] retail sales have been particularly strong in recent weeks, which is usually a forerunner for the rest of the product line.”

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