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Rockwell Collins Sees Business-Jet Rebound Sliding to ’16

The slump in business-jet sales since the 2008 global recession probably will last into 2016 as corporate buyers wait for their businesses to rebound, Rockwell Collins Inc. Chief Executive Officer Kelly Ortberg said.

Jet manufacturers and suppliers like Rockwell Collins are seeing tepid sales of smaller private aircraft in part because the economic recovery has been driven by cost cuts, not sales growth, Ortberg said today in a telephone interview.