At the European Business Aviation Convention and Exhibit (EBACE) in Geneva, Switzerland, a range of views surfaced concerning the future for business aviation manufacturers, according to reports from Aviation International News (AIN).
Cessna CEO Jack Pelton said that European markets are showing signs of improvement; he’s also optimistic that Eastern Europe will be a fertile area for sales of Citation business jets. But at the same time, Pelton said that the economic recovery will take a long time.
That’s also the view of Hawker Beechcraft Corporation CEO William Boisture, who said that it would be premature to say that 2010 will be a recovery year.
Gulfstream CEO Joe Lombardo stated the obvious when he said that globalization of the business jet market is increasingly important. Meanwhile, Embraer executives have said that 2018 is a more realistic time frame to expect that sales will return to 2008 levels.