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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 05.21.18

Airborne-UnManned 05.22.18

Airborne 05.23.18

AMA Drone Report 05.24.18

Airborne 05.18.18

Airborne-YouTube

Airborne 05.21.18

Airborne-UnManned 05.22.18

Airborne 05.23.18

AMA Drone Report 05.24.18

Airborne 05.18.18

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 05.21.18: Bally Bomber At OSH18!, Belite Chipper, CH-53 Deliveries

Also: NATS-Aireon, H135 For US Navy, EmPower STC, Spidertracks-Olympic Aero Services Oshkosh 2018 is ramping up to be an outstanding addition to an aviator’s MUST-SEE list...>[...]

Airborne-Unmanned 05.22.18: Aurora ACUS, Horsefly Delivers, K2 LEO UAS

Also: Aero-TV: Textron's X5-55, InfraDrone App, NASA's Mars Helicopter, Gremlins on Track This month, Aurora’s Autonomous Aerial Cargo Utility System (AACUS) successfully del>[...]

AMA Drone Report 05.17.18: AMA Expo West Upgrades, UAS IPP, Amazon Snubbed

Also: Drones v Flaming Kites, Sherrif Drones, ALPA Is Watching..., Wichita Aviation Pathway After a number of years in Ontario, California; the highly anticipated 2018 rendition of>[...]

ANNouncement: Now Accepting Applications For Oshkosh 2018 Stringers!!!

An Amazing Experience Awaits The Chosen Few... E-I-C Note: There's very little we can say yet, but there is a reason why this may be THE year to throw in with ANN to cover the extr>[...]

It's On--Again! EAA/ANN Announce 2018 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Draws Hundreds of Thousands of Eyeballs to ‘All Things AirVenture’ E-I-C Note: We're tremendously excited to work with EAA agai>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC