Tue, Oct 25, 2011
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
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
"Clearly, the market for light jets is not recovering
sufficiently and quickly enough to allow us to continue developing
the program under the economic circumstances we face. However,
going forward as a company, we will step up product improvements
for our turboprop and piston-powered product lines. As a result,
Piper will increase the number of personnel dedicated to our
sustaining engineering function. In addition, the company is
initiating third-party engineering and manufacturing services to
preserve as much of our talent pool and as many jobs as possible."
Source: Piper Interim President and CEO Simon
Caldecott, announcing the indefinate postponement of the Altaire
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