Used Aircraft Prices Continue to Stunt New Sales: Cessna's Jack Pelton
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Even as he was announcing the new Citation Ten, Cessna CEO Jack Pelton told AVweb Monday that "staggeringly low" prices on late model aircraft across the size and type spectrum continue to make for a dismal market for new aircraft. In a podcast recorded at the National Business Aircraft Association meeting in Atlanta, Pelton said Cessna had expected a stronger market recovery in 2010 but now accepts the recovery won't be the V-shaped snapback it had hoped for.
Cessna has continued to downsize in recent months, eliminating redundancies in finance and administration programs. The company continues its commitment to a product for every segment of the market and to deliver on that promise: It's now shipping the 162 Skycatcher in larger volumes from its Chinese manufacturing facility. Pelton said Cessna now believes that delays in the Skycatcher program are behind it and a production ramp-up can proceed apace.