Officials at Cessna Aircraft Co. report an increase in piston aircraft sales over the past two months, thanks in part to sales programs and tax incentives set to expire at the end of the year.
“Retail sales across our piston aircraft product line have been measurably stronger in September and October versus earlier this year and that is a positive development as it relates to the overall outlook for our propeller aircraft business,” said John Doman, vice president, Worldwide Propeller Aircraft Sales. “Customers are taking advantage of the tax savings they can realize before the end of the year under the accelerated or bonus depreciation section of the tax code.”
Through bonus depreciation, business-related aircraft acquisitions may qualify for accelerated depreciation under a provision in the federal stimulus package passed earlier this year. Cessna has extended two of its programs through the end of 2009 to coincide with the federal depreciation provision.
“Deal of the Decade” provides a $10,000 fuel card and free synthetic vision technology (SVT) for certain Corvalis sales. The “Deposit Amplifier” program adds $30,000 to a deposit for a new Cessna 182 or T182 Skylane and gives a new customer a choice of one of three technology upgrades for the Garmin G1000 avionics package.
For more information: Cessna.com
