State airplane falls victim to Patrick budget cutting - Boston GlobeGovernor Deval Patrick did his own Sarah Palin imitation last week, ordering a state airplane sold to cut costs. But don’t expect the latest gubernatorial plane sale to launch a vice presidential nomination, or a vicious war among political bloggers
Textron to trim financial unit - Providence JournalProvidence-based Textron Inc. said yesterday it will shrink its finance unit, suspend buybacks and make other cost-cutting moves after the credit crisis contributed to the company s first profit decline in more than four years. Textron notified
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Skydive plane crash inquest delivers modification warning - Australian Broadcasting Corp.The state coroner has recommended that a warning is issued about the risks of modifying a type of light plane involved in a fatal crash west of Brisbane. Seven people were aboard the Cessna 206 when it clipped a tree and plunged into a dam [...]
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CESSNA TO LAY OFF 500 - Wichita EagleCessna Aircraft will cut about 500 jobs in Wichita, company officials said Wednesday. Laid-off workers will be given 60-day notices in the next few weeks, according to an e-mail to employees from Jim Walters, Cessna’s senior vice president for human
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‘The bubble has burst,’ aviation expert says - Wichita Eagle
This week’s news that Hawker Beechcraft and Cessna Aircraft will cut jobs is not surprising, analysts say. “You cut costs in advance of downturns, and we’re definitely heading toward a market downturn,” said Teal Group analyst Richard Aboulafia. Only
