Sources: Aviation Layoffs Could Reach 3,000
Save Email Print
Bookmark and Share
Sources: Aviation Layoffs Could Reach 3,000
Local planemakers are keeping quiet about exactly how many layoffs there will be. Sources, however, say the number could reach 3,000 between Cessna and Hawker Beechcraft.
Reporter: Chris Frank
Email Address: chris.frank@kake.com
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

The planemakers are keeping quiet about exactly how many layoffs there will be. Sources, however, say the number could reach 3,000 between Cessna and Hawker Beechcraft.

Six months ago, Wichita planemakers were having to figure out how to fit new plane orders into their already full production schedules. Now, they are trying to figure out how to adjust to customers who can no longer take delivery or are trying to defer their deliveries months and years out.

"The business aviation industry today has decreased faster than any other time in its history, as far as sales activity," said Brian Foley, aviation analyst.

The biggest buyers for corporate jets over the past decade have been fractional ownership companies. The largest of those companies is NetJets, which is owned by Berkshire Hathaway, the Warren Buffet Company.

Sources say only a few months ago, NetJets was ready to receive more than 40 Citation jets this year. With the market collapse, they have put the brakes on deliveries and might only take 10 or fewer Citations.

Foley says he wouldn't be surprised if some planemakers shut down for periods of time this year. No one has said that would happen, but it's happened as recently as 2003 when Cessna shut down production for several weeks during the downturn.


Twitter News Feed
    Offbeat News Headlines
    Man Gets Three Years In Erectile Pump Case
    1 Comment
    An Illinois man has been sentenced to more than three years in federal prison for shipping unwanted penis enlargers to diabetes patients in a scheme to bilk Medicare of more than $2.2 million. (Full Story)
    NYC Sewage Plant To Offer Valentine's Day Tours
    2 Comments
    It may not smell like a rose but a New York City sewage plant is offering tours for lovers on Valentine's Day. (Full Story)
    Necklace Flushed Down Toilet Returned Months Later
    0 Comments
    A California woman has her gold necklace back months after she accidentally flushed it down her toilet. (Full Story)
    Denver TV Anchor Bitten By Rescued Dog
    13 Comments
    A veteran Denver television anchor is in fair condition and being evaluated at a hospital after she was bitten in the face by a dog during a live broadcast. (Full Story)
    Grade Hacker Ordered To Probation
    1 Comment
    One Pennsylvania college student's attempt to boost his failing grades didn't get him an A for effort. It got him probation. (Full Story)
    Judge: Buy Wife Flowers, Then Take Her To Dinner
    5 Comments
    A spat over forgetting to wish his wife a happy birthday landed a South Florida man in jail on domestic violence charges. (Full Story)
    More Headlines
    Extras
    30 Days
    Click here to go to KAKEland’s "30 Prizes In 30 Days" page.
    Winter Guide
    Cool ideas to keep you warm this winter!
    Health Connect
    Click here for health resources from local medical providers.
    KAKE DVD Collection
    Click here to order KAKE DVD's including "Honor Flight", "Santa's Workshop" and more.
    First United Methodist Church
    Click here to watch live Sunday services.
    Papa John's Pro Football Pick'em
    CLICK HERE to play KAKEland's Pro Football Online game.