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Cessna wins Chinese charter order for Citation Mustangs

XI’AN, PEOPLE’S REPUBLIC OF CHINA., Oct. 22, 2013 – Cessna Aircraft Company, a Textron Inc. (NYSE:TXT) company, is celebrating a landmark deal that will see Citation Mustangs being flown for charter services in China for the first time. Yunnan Ruifeng General Aviation Company is acquiring two Citation Mustangs to operate charter flights in China. The company plans to offer customers connections to high-altitude airports, of around 13,000 feet (4,000 meters) above sea level. The first delivery is scheduled for December 2013, with the second delivery scheduled for 2014.

Kevin Wu, Cessna regional vice president of Sales for Greater China says: “This deal proves again the growing demand in the Chinese business aviation market. We are pleased that Yunnan Ruifeng General Aviation Company is investing in Citations for performance and features that support their business and customer expectations.”

Yunnan Ruifeng General Aviation Company was founded in 2011. The company already operates a Cessna Grand Caravan for sightseeing flights in south-west China. The deal was announced on the heels of the 2013 China International General Aviation Convention where Cessna is displaying their Grand Caravan and 172 Skyhawk products.

The Citation Mustang is equipped with the Garmin G1000 avionics suite and weather avoidance radar. The aircraft has a maximum operating altitude of 41,000ft (12,497m) and a maximum cruise speed of 340ktas (630km/h).

Visit Cessna.com to learn more about the Citation Mustang and go to the website’s press image gallery for photos of the aircraft.

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About Cessna
Cessna is the world's leading general aviation company. Since its inception in 1927, Cessna has designed, produced and delivered nearly 200,000 airplanes around the globe. This includes 6,500 Citation business jets, making it the largest fleet of business jets in the world. Today, Cessna has two principal lines of business: aircraft sales and aftermarket services. Aircraft sales include Citation business jets, Caravan single-engine utility turboprops, single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. In 2012, Cessna delivered 571 aircraft, including 181 Citation business jets, and reported revenues of $3.111 billion. More information about Cessna Aircraft Company is available at cessna.com.

About Textron
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 textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders and difficult conditions in the financial markets which may adversely impact our customers' ability to fund or finance purchases of our products.