Corporate cutbacks drag down business-aviation activity

02/5/2009 | Medill Reports (Northwestern University)

As corporations face increasing pressure to cut costs, business-aviation operators in Chicago and elsewhere are feeling the pinch -- and they don't expect things to improve anytime soon. At Chicago's DB Aviation, charter sales dropped 25% in 2008, compared with a year earlier. Nationwide, business-aircraft activity in December was down nearly 23% year-on-year, according to Argus Research, which tracks aircraft that carry up to 15 passengers.

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Medill Reports (Northwestern University)

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