Textron Chief: Spot Market Persisting for Bizjets
Textron's chief says there is "no reason" for people to book aircraft far in advance.

Textron Aviation's backlog has remained relatively flat as business aircraft customers are able to purchase aircraft on the spot rather than booking further out, said Scott Donnelly, the chairman and CEO of parent company Textron. Asked during the April 19 quarterly analyst call whether the book-to-bill for Textron Aviation’s Cessna unit will move above one, Donnelly responded, “I don’t know that it will. I think that we’re really in a mode now where there’s no reason for people to book aircraft very far in advance.”

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