OEMs Laud Asia's Aerospace Future

[In The News]

Cessna says China will be in the top ten of business jet markets by 2025 and other Asian countries will combine to take a significant share of production. In a presentation at the Singapore Air Show, Trevor Esling, Cessna's VP of sales for the region said the performance of of the Asian market through the global recession has positioned it for major growth in medium to long term. "The region's economic resilience during the global financial crisis, rising national prosperity and Chinese liberalization make it likely that the business aviation market will mature at quite a rapid pace," Esling said. "Cessna, therefore, expects demand for light and mid-size aircraft to rise accordingly." If the bizjet OEMs are optimistic, the airline side is downright bullish.

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