Company Projects That It Can Achieve A 'Modest Uptick' In Deliveries

Cessna president and CEO Scott A. Ernest says that the market for business jets is very uncertain, but that the company is expecting modest growth in the next ear. Ernest made the comments on Monday at the NBAA annual meeting and convention in Orlando, FL.

“Although we remain very much in a spot market with considerable uncertainty, we believe Cessna can achieve a modest uptick in deliveries of Citation business jets this year," Ernest (pictured) said. "Looking forward, given softness in global economic markets and political and budget uncertainties in the United States, it appears that global demand for business jets will be challenging again next year.”

“Nonetheless, we believe that the business jet market is a very attractive market with excellent long term growth potential,” Ernest continued. “As a result, we continue to invest in new and upgraded products such as our new M2, Sovereign and Citation X models, all of which are scheduled for roll-out in 2013, plus the new Latitude and Longitude business jets, planned for introduction in 2015 and 2017.”

FMI: www.cessna.com