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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 03.23.17

Airborne
03.20.17

Airborne
03.21.17

Airborne
03.22.17

Airborne
03.23.17

Airborne 03.24.17

Airborne-Unmanned 03.21.17

Airborne-YouTube

AMA 03.23.17

Airborne
03.20.17

Airborne
03.21.17

Airborne
03.22.17

Airborne
03.23.17

Airborne 03.24.17

Airborne-Unmanned 03.21.17

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-Unmanned 03.21.17: Heron 1 FOC, Canadian UAVs BVLOS, Quad Inspects C17

Also: Terra Drone, senseFly partners with MicaSense, Quadcopter Topology Optimization The Heron 1 UAV has attained Full Operational Capability (FOC), allowing two Republic of Singa>[...]

AMA Drone Report 03.23.17: New Canada Drone Regs, 'Anti-Drone' Race, Tiny Whoop

Also: SELFLY Camera-Kickstarter, Turtle Tracking Drones, Drones Save Lives! The Canadian government has recently released new regulations for recreational drone operators that carr>[...]

Airborne 03.24.17: GA v Privatization, FAA UAS $$$, Mexico Fines

Also: NASA Authorization, Av-Associations, Essential Air Services, Kite String, Rotax @SnF, Car v Plane, FAA Forecast With the need to authorize the FAA before September 30 of this>[...]

Aero-News: Quote of the Day (03.26.17)

"Every landing on a ship is a very precise thing. When you get 300,000, it's a pretty big testament to the skill of the aviators and the personnel who maintain the recovery equipme>[...]

ANN's Daily Aero-Term (03.26.17): Circle To Runway

Circle To Runway (Runway Number) Used by ATC to inform the pilot that he/she must circle to land because the runway in use is other than the runway aligned with the instrument appr>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC