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Sun, Jan 11, 2009

Aero-News: Quote of the Day (01.11.09)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"The general aviation market has slowed; new orders have fallen off considerably; many existing orders have been terminated and used inventory has increased dramatically. Simply put, consumer demand for aircraft and services has declined precipitously."

Source: Hawker Beechcraft CEO Jim Schuster, in a memo to workers. We're only a week into the New Year, and already Cessna and Hawker Beech have further scaled back production schedules, and have given notice of still more impending layoffs to their manufacturing workforces.

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