Industry OEMs continue to stare down recession
Discussing the recession and predictions of a business aviation indust

Discussing the recession and predictions of a business aviation industry recovery, Hawker Beechcraft chairman and CEO Bill Boisture recently told AIN there have been some positive signals, including an increase in flight hours and revenue from service and parts sales. But he also sounded a note of caution.

“It’s important to remember the inertia of 2008, and to understand that what we’re seeing in 2010 is the full effect of the economic reset and its effect on business and general aviation.” As for a quick recovery, Boisture said, “We see [things] staying about the same. We think 2011 will be a difficult year, and we don’t see the pickup before 2012.”