Aircraft Companies Keep Developing New Models in a Tough Economy

As the U.S. economy encounters heavy turbulence, aircraft manufacturers are staying focused on the developing new models.

Cessna And Hawker Beechcraft have suffered slow sales and layoffs, but Business Today on The Wichita Eagle homepage reports that both companies are going forward with development programs for new planes.

Photo Credit: Cessna

According to the story, Wichita’s famous Cessna Aircraft Company is continuing development on the Citation Columbus (pictured above), Citation CJ4 business jets and the new light sport aircraft Model 162 SkyCatcher. Hawker Beechcraft recently launched the Premier II, the King Air 350i and the Hawker 450XP.

Aircraft manufacturers need new planes to keep the market active and to prepare for when sales pick back up again.

At Cessna, aircraft developed in the last economic slump now make up for 60 percent of the company’s current sales.

Source: Kansas.com