Outlook for Business Jet Market Looking Up

Industry experts say 2013 should mark the bottom of the market and that 2014 should bring a modest upturn.

In December, Cessna parent company Textron announced that it had signed a deal to acquire Beechcraft. That deal is expected to close by midyear.

The outlook for business aviation is good, Cessna chairman emeritus Russ Meyer said at a speech at the Wichita Aero Club Gala in January.

Business jets provide efficient and versatile air transportation, Meyer said.

Significant advances have been made in technology, and local and state governments are supportive of the industry and want to keep Wichita as the Air Capital of the World, he said.

In addition, "we have enormous strength from employees who are committed to general aviation," he said.

Excellent service, developing long-term relationships and delivering on promises are key, Meyer said.

"I promise you this," he said. "If I were 25 years old today, I'd pursue a career in this industry in a heartbeat."

Reach Molly McMillin at 316-269-6708 or mmcmillin@wichitaeagle.com. Follow her on Twitter: @mmcmillin.

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