[Regulator]

Liability for aircraft is not what is driving down business jet orders, which is Cessna's main business. It is quite simply the lack of business and profits for major corporations that buy business jets or fractional shares from outfits like NetJets or FlightOptions.

The lawsuits that previously affected the GA sector were about older aircraft. A law limiting manufacturer liability for aircraft older than 18 years was passed in 1996.

[banjo joe]

A law limiting manufacturer liability for aircraft older than 18 years was passed in 1996.

True, but the damage was done before that. Take a look at the training fleet. Take a look at the price of a new 172. Over 1/2 the price of a new a/c is liability premiums. (Check AOPA.org).

[blackdog]

Your comment is about as misleading as the bill itself.

If I have a 20 year old plane(pretty new as planes go) and put in a new part, engine, propeller, tire, upholstry, injector, brake, etc.....That 18 years starts fresh on that part.

New engine? Whoever sold it to you has bought a liability tail for another 18 years.

[blackdog]

The entire line of Cesna Biz Jets are Fischer Price hardware with the possible exception of the Citation III.

Underpowered and not much weight hauling ability.

Now if you want to get from point A to point B in a hurry, a Lear 25 is the pocket rocket. A Falcon 20 is pretty good. One of the newer vintage Hawkers is a pretty fine ride too.

The biz jet industry is just falling prey to what has always given it it's ups and downs. When a corporation's stock price is only half of what it was three years ago, the planes gotta go. They thought fractional ownership would rescue them from that trap, but it won't.