Friday, May 1, 2009

Obama wins a battle in the war on corporate jets

April 30, 2009

Thomas Lifson

Cessna has announced that it is suspending development of a midsize corporate jet, the Citation Columbus, closing the factory in Bend, OR where the plane was being created. The company will return $50 million in deposits already received from willing customers. Cessna's Citation jets generally are among the smaller models on offer, but the company was hoping to expand into a more lucrative segment of the market, until flying a corporate jet became politically unfashionable. The company hopes to resume development at some point in the future.*

Additionally, the company is sending layoff notices to 1,600 employees "at every level" including 700 salaried employees. 
 
HIGH PAYING, HIGH SKILLED AMERICAN JOBS....  POOF....  GONE...
 
 
STIMULATED YET???

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