News Releases
Cessna to Showcase Entire Current Production Citation Line at NBAA
ORLANDO, Fla. Oct. 19, 2009 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, is featuring its entire line of current production Citation business jets at the 62nd National Business Aviation Association Meeting (NBAA) and Convention.
The company remains committed to offering a broad and comprehensive product line, a favorable value proposition, a world-class service and support network and has been reorganized to be even more responsive to customers, said Cessna Chairman, President and Chief Executive Officer Jack J. Pelton.
“The Cessna you see at NBAA is a redefined and reshaped company, positioned to emerge from this downturn as an even stronger leader in the global business jet market,” Pelton said.
“We finally see indicators that the economic free-fall has ended and our customers’ economic health may have stabilized. Looking forward, business jet purchases and usage are expected to recover as our customers’ confidence in the economy and their own economic outlook improve,” he added. “Our industry will recover over time, but we anticipate a gradual climb back up rather than a quick rebound to the high production numbers some had predicted prior to the downturn.”
On static display at Orlando Executive Airport will be the Citation X, Citation Sovereign, Citation XLS+, Citation Encore+, Citation CJ3, Citation CJ2+, Citation CJ1+ and a Citation Mustang. On Wednesday, Oct. 21 only, a Citation CJ4 will be on hand. An upward extension of the CJ family, the CJ4 is currently in the flight test phase of development. The exhibit also will include two ValuePlus previously owned Citations: a Citation Excel and Citation V. A Grand Caravan and Cessna Corvalis TT will be on hand to represent Cessna’s line of turboprop and single-engine piston models.
Cessna will host a press conference at the Orange County Convention Center on Monday, Oct. 19 at 3 p.m. in Room 1.
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Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.
The company remains committed to offering a broad and comprehensive product line, a favorable value proposition, a world-class service and support network and has been reorganized to be even more responsive to customers, said Cessna Chairman, President and Chief Executive Officer Jack J. Pelton.
“The Cessna you see at NBAA is a redefined and reshaped company, positioned to emerge from this downturn as an even stronger leader in the global business jet market,” Pelton said.
“We finally see indicators that the economic free-fall has ended and our customers’ economic health may have stabilized. Looking forward, business jet purchases and usage are expected to recover as our customers’ confidence in the economy and their own economic outlook improve,” he added. “Our industry will recover over time, but we anticipate a gradual climb back up rather than a quick rebound to the high production numbers some had predicted prior to the downturn.”
On static display at Orlando Executive Airport will be the Citation X, Citation Sovereign, Citation XLS+, Citation Encore+, Citation CJ3, Citation CJ2+, Citation CJ1+ and a Citation Mustang. On Wednesday, Oct. 21 only, a Citation CJ4 will be on hand. An upward extension of the CJ family, the CJ4 is currently in the flight test phase of development. The exhibit also will include two ValuePlus previously owned Citations: a Citation Excel and Citation V. A Grand Caravan and Cessna Corvalis TT will be on hand to represent Cessna’s line of turboprop and single-engine piston models.
Cessna will host a press conference at the Orange County Convention Center on Monday, Oct. 19 at 3 p.m. in Room 1.
###
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.
