Archive for December, 2008

Very Light Jet outlook descending through the clouds?

The financial crisis and struggeling economy may, if long lasting, have significant effects on the VLJ market over the next 10 years. The UK aviation consultancy firm PMI Media predicts, in its latest report, a 23% reduction in Very Light Jet deliveries compared to the October predictions from the same analysts.
According to their forecast, 4610 [...]

Cirrus cuts production

Cirrus Design Corp. recently announced that it will be reducing production of new airplanes through the end of the year.¬†According to ABC News, Cirrus’ VP of Business Administration, Bill King, cited the slowing economy along with a tightening credit situation as the key reasons.
The Cirrus Jet project remains unaffected, according to King, and will continue [...]