Monday 14 October 2019, 11:00 AM
US business jet industry hit hard by downturn
By IANS | Bharat Defence Kavach | Publish Date: 5/31/2012 12:00:00 AM
US business jet industry hit hard by downturn

Washington : The US business jet manufacturing industry was hit severely by the global economic downturn, said a report released by the US International Trade Commission (USITC).

The report, requested by the US House of Representatives, said deliveries of business jets in US fell sharply during the period 2006-10, with the very light and light business jets being the hardest hit during the recent recession, reported Xinhua.

The decline was due to a challenging market environment characterized by tightened credit, uncertain government funding for research and development, and new entrants into the industry, noted the report Wednesday.

However, the US and European markets continued to account for the largest number of business jet deliveries during that period.

The USITC cited limited regional demand, new competitors, governmental regulations regarding the environment, airspace usage, aircraft user fees and other factors as future challenges to the competitiveness of the US business jet industry.

Tags:

US business jet industry hit hard by downturn

DEFENCE MONITOR

भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

Contact Us: 011-66051627

E-mail: bdkavach@gmail.com

SIGN UP FOR OUR NEWSLETTER
NEWS & SPECIAL INSIDE !
Copyright 2018 Bharat Defence Kavach. All Rights Resevered.
Designed by : 4C Plus