Financial Times FT.com

Business-jet makers cut production levels

By Kevin Done

Published: November 9 2008 22:37 | Last updated: November 9 2008 22:37

Weakening global economic growth is starting to hit production plans at leading business-jet makers, as new order volumes shrink and corporate and private flyers reduce activity.

Cessna, a division of Textron of the US and the biggest maker of light and mid-sized corporate jets, is cutting its planned production for 2009 by more than 10 per cent “due to continued softening in the global economic environment”.

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