Economy Could Challenge Cessna

By: AP
By: AP

WICHITA, Kan. (AP) _ Cessna Aircraft's chairman and chief executive has sent a memo to employees, saying the difficult economy could create pressure on the aircraft company.

Jack Pelton said in the memo sent last week that the full impact of the economy on Cessna in the short term is unclear, but there is continued pressure on financial performance. The memo was obtained by The Wichita Eagle.

Pelton also said Cessna will fill only ``critical positions'' the rest of the year and into 2009. The memo was sent to keep employees informed on the factors that will shape the company's business decisions.

Cessna employs 16,000 people, including 12,000 in Wichita. The company has plans to deliver 470 Citation business jets this year and more than 500 in 2009.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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