Wichita Looks For More Stable Bizjet Environment | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.31.15

Airborne 09.01.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

Airborne Hi-Def On YouTube

Airborne 08.31.15

Airborne 09.01.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Mon, Dec 31, 2012

Wichita Looks For More Stable Bizjet Environment

But New Report Says Long-Term Outlook Still Depressed From Peak Levels

In a report on the business jet industry released earlier this month, J.P. Morgan indicates that there are "intermittent signs of stabilization" in the market "suggesting demand could improve this coming year."

That news is being welcomed by business and government leaders in Wichita, KS, where more than a third of all business jets sold worldwide are built.

But the Wichita Eagle reports that signs point to a stabilization of the market at levels far below the 2008 peak. Honeywell's annual forecast indicated that 2013 shipments would be at about the same level as 2012. Also playing into the equation is the emergence of Hawker Beechcraft from bankruptcy. The company has already stopped building new jets, and plans to focus on its piston and turbine products as Beechcraft Corporation. While King Air, Bonanza, and Baron models as well as military products will still be built in Wichita, actual employment levels have not been determined after the loss of the jet business. However, most of those workers have reportedly already been idled. Boeing Wichita also plans to pull out of the city in early 2014, but most of its employees will depart next year.

In its report, J.P. Morgan said that "the industry should turn up eventually," but that "the business jet market is finishing another tough year its fourth since the 2008 peak."

(Citation Latitude image from file)

FMI: www.gwedc.org

Advertisement

More News

Airborne 08.31.15: CAP 'Total Force' Upgrade, NBAA v User Fees, Airshow Loss

Also: Buzz Aldrin Space Institute, Drone Spots Shark, Texting Accident, SECAF At BellHeli, B4UFLY App, NTSB MidAir Prelim, ERAU Drones Last week ANN’s Jim Campbell was fortun>[...]

Airborne 08.28.15: 'Big' Bezos Announcement?, MA Aero-Taxes, Harrison Ford

Also: Barnstorming: The FAA v Hoover Fight Ain’t Over, Hail-Damaged Dreamliner, UAV Shooter Charged, NASA Global Hawk, MiG-21 Lancers, ICAO Manual Blue Origin founder and Ama>[...]

Airborne 08.31.15: CAP 'Total Force' Upgrade, NBAA v User Fees, Airshow Loss

Also: Buzz Aldrin Space Institute, Drone Spots Shark, Texting Accident, SECAF At BellHeli, B4UFLY App, NTSB MidAir Prelim, ERAU Drones Last week ANN’s Jim Campbell was fortun>[...]

French Authorities Question Source Of Reunion Island Debris

Can't Say With Certainty That Flaperon Is From MH370 French authorities are not ready to say with certainty whether the flaperon that washed up on Reunion Island in late July is a >[...]

AeroSports Update: Van’s RV-12 Reaches A Milestone

Van’s Aircraft Proves That People Are Interested In Amateur-Built Light Sport Aircraft It’s hard to determine how many people are exercising sport pilot privileges whil>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC