In 2001, the bubble had burst on technology and software stocks and the
economy was heading downward. Then terrorists attacked, sending the
economy, and the aviation industry, into a deep slump. At the time,
Wichita’s Cessna Aircraft Co. had a healthy $6 billion worth of
aircraft orders on its order books. But that backlog declined rapidly
as orders slowed. Cessna "went through some tough hunkering down,"
Cessna chief executive and president Jack Pelton said in an interview
last week. Today, the story is much different. Full Story.
Cessna Back at Pre-9/11 Levels.
Published: October 30, 2005Posted in: Business
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