Effect of the Economic Downturn
August 17, 2009
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  • The Economic Downturn Has Devastated General Aviation and the Communities and Local Economies that Depend on Them

    For over a year, the general aviation community has been hit particularly hard by the economic downturn and string of negative press coverage. General aviation manufacturing has seen a serious drop in production, orders are down, and companies have been forced to lay off thousands of workers, and in some cases shut their doors entirely. This had had a ripple effect throughout small towns and economies throughout the country.

    Overall General Aviation Manufacturing Has Dropped Dramatically

    In all major general aviation manufacturers, production has significantly decreased as a result of the economic recession. Some general aviation-based businesses have even had to close their doors permanently, putting thousands of employees out of work.

    The Economic Downturn has Resulted in Massive Lay-Offs for General Aviation Manufacturers Across the Country Ð Already Over 13,000 Jobs Have Been Lost

    In an effort to remain in business, many general aviation manufacturing companies have been forced to lay-off thousands of workers. As a result, cities likeWichita,KS andSavannah,GA have seen their workforce affected most dramatically.

    Economic Recession Being Felt At Airports Across the Country; Turbine Operations are Down

    [1] Wichita Business Journal, “General aviation deliveries down 41.1 percent.” 7/6/09
    [2] Aviation International News. “Business Aircraft Flight Activity Levels Off.” 7/16/09
    [3] Aviation Today. “DayJet Bankruptcy: A Story of Brinksmanship.” 12/8/08
    [4] AVweb. “Eclipse Creditors Want Chapter 7.” 2/24/09
    [5] The Business Journal. “HondaJet delays delivery of first light jet.” 4/30/09
    [6] Associated Press, “Bombardier cuts 10-year jet forecast.” 6/15/09
    [7] AVweb. “Hawker Beechcraft To Cut 490 Jobs” 11/4/08
    [8] AVweb. “Hawker Beechcraft Cuts 2,300 Jobs.” 2/3/09
    [9] AVweb Interview: Piper’s Chief Corporate Spokesman Mark Miller. 2/11/09.
    [10] AVweb. “Gulfstream Drops 2700 Employees”. 2/8/09
    [11] Wichita Eagle. “Cessna increases layoffs, extends furloughs, suspends Columbus program.” 4/29/09
    [12] Associated Press, “Cessna Aircraft plans 1,300 more layoffs.” 6/12/09
    [13] National Public Radio. “Economy Brings Plane Manufacturing Down To Earth.” 3/2/09
    [14] Times-News (ID). ” Friedman Memorial Airport , Blaine County react to recession”. 4/19/09 NEXIS
    [15] Austin Business Journal. “ABIA passenger traffic down 10%.” 3/19/09 NEXIS
    [16] Charlotte Observer. Cut in Business Jet Use Pinches Airport ; Fuel Sales Down, Pilot Layoffs Up.” 3/3/2009
    [17] North Dakota Aeronautics Commission: Executive Summary Report. 2008.