AVweb's NBAA 2008 Podcast #2: Cessna's Pelton on Financial Crisis

AVweb’s NBAA 2008 Podcast #2: Cessna’s Pelton on Financial Crisis – This Time It’s Different

Editorial Staff

Monday, October 06, 2008 at 12:00 AM ET

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Key Takeaways:

The primary concern at the National Business Aviation Association convention is the escalating financial and credit crisis.
Cessna president Jack Pelton reports a slowdown in new aircraft orders due to tightening credit conditions.
Pelton expresses worry that the current economic situation is fundamentally different and more severe than the 2001 slowdown.

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Topic One at the opening day of the National Business Aviation Association convention is the growing financial and credit crisis. Cessna president Jack Pelton says the company is seeing slowed uptake in orders for new aircraft as credit tightens. The worry is that this economic trouble spot is entirely different than the 2001 slowdown, Pelton says.

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