Sat, Nov 07, 2009
Credits Sales Programs And Tax Incentives For The Surge
Officials at Cessna report an increase in piston aircraft sales
over the past two months, thanks in part to sales programs and tax
incentives set to expire at the end of the year.
“Retail sales across our piston aircraft product line have
been measurably stronger in September and October versus earlier
this year and that is a positive development as it relates to the
overall outlook for our propeller aircraft business,” said
John Doman, vice president, Worldwide Propeller Aircraft Sales.
“Customers are taking advantage of the tax savings they can
realize before the end of the year under the accelerated or bonus
depreciation section of the tax code. In addition, several
value-filled sales programs on our Corvalis and Skylane models are
helping to bolster customer interest and subsequent purchases of
Cessna aircraft.”
“Fleet sales and deliveries have also increased recently
as flight schools, academies and special mission customers
worldwide are replacing older aircraft with our new technology
Cessna aircraft,” Doman said. Through bonus depreciation,
business-related aircraft acquisitions may qualify for accelerated
depreciation under a provision in the federal stimulus package
passed earlier this year.
Cessna has extended two of its successful programs through the
end of 2009 to coincide with the federal depreciation
provision.
“Deal of the Decade” provides a $10,000 fuel card
and free synthetic vision technology (SVT) for certain Corvalis
sales. The “Deposit Amplifier” program adds $30,000 to
a deposit for a new Cessna 182 or T182 Skylane and gives a new
customer a choice of one of three technology upgrades for the
Garmin G1000 avionics package.
Both programs expire at the end of 2009.
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