cessna

Aircraft maker Cessna will cut jobs after its parent company said new airplane orders were less than previously expected.

The general aviation industry, which is made up of private and corporate jet manufacturers, is in an awful fix. The latest? Plane-leasing outfit NetJets just announced it is laying off 5 percent of its staff, or 350 employees, due to "severe economic conditions facing the aviation industry,"...

Last week, I dug out the phone numbers for some old contacts at Cessna, the large Wichita-based private airplane and jet manufacturer. Since Private Air, the magazine I edited, folded six months ago, I hadn't had much occasion to call out to Wichita. I was curious to hear how the people I knew at...

For the past six months, the private jet industry has been hit from all sides. Not only has the recession caused both businesses and high net-worth individuals to travel less, but the government has gotten involved. Ever since the automakers who flew to Washington D.C. were grilled about how they...