Rob Wilson, the president of Honeywell Aerospace’s Business and General Aviation division and chairman of the General Aviation Manufacturers Association (GAMA), had a somber task as he unveiled GAMA’s annual review and outlook last week in Washington. Worldwide shipments of piston aircraft plunged 55% in 2009 to 965, while business jet deliveries fell 34% to 870 and turboprop deliveries declined 18% to 535. And with credit still hard to come by, a whopping 65% of business jet purchases are ...

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