While celebrating its 75th year at NBAA ’11, Elliott Aviation is also celebrating an end to the longest and deepest recession in the industry’s history and the beginning of new opportunities.
According to chairman and CEO Wynn Elliott, the company (Booth No. C11218) anticipated the recession, reducing its sizeable parts inventory and selling off most of its aircraft inventory. “We entered the economic decline in the best cash position in the company’s history. We rode out the recession in really good shape, and came out prepared for opportunities,” he said. Among those opportunities was aircraft sales. With aircraft traditionally making up one third of the Moline, Ill.-based company’s business, Elliott was pleased to see this market segment become extremely active in recent months. “There are a lot of people buying airplanes, if they’re priced right,” he noted, “and Elliott is now selling out of inventory and brokerage.” Elliott Aviation brought a Citation Bravo and Beechjet to sell at the static display here in Las Vegas.
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