AIN_2012_New_Business_Jets_Report
Most new jet programs are moving right along, although some are taxiing to the certification line faster than others. When the elusive global economic recovery arrives, there will be no shortage of new business jets to greet it. However, the flight path to new frontiers of speed, efficiency and convenience has not been an uninterrupted ascent. Along the way changes in corporate ownership, international risk-sharing, and technical and supply challenges have proved formidable, albeit temporary, impediments to progress for several of these programs and the talented, tenacious people behind them. Against this backdrop, the bankruptcy of Hawker Beechcraft serves as a stark warning for the rest of the industry: Delaying innovation and/or poor execution of it will eventually put your enterprise in the hands of creditors and a judge.
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