Analysts from Bank of America Merrill Lynch are concerned over the increase in “white tails” (aircraft produced but not sold) that Cessna Aircraft parent Textron reported in the first quarter release. While not providing specifics, Textron officials conceded production and delivery rates were not in line and inventories increased for the first time in a year (BA, April 26/2). “In our view, this ‘build it and they will come’ strategy is very risky, especially when combined with a dwindling ...


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