Textron Sees Continued Stabilization For Business Jets | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-10.07.24

Airborne-NextGen-10.08.24

Airborne-Unlimited-10.02.24

Airborne-AffordableFlyers-10.03.24

Airborne-Unlimited-10.04.24

Sat, Dec 19, 2009

Textron Sees Continued Stabilization For Business Jets

Forecast Despite Continued Cancellations of Out-year Orders

Textron's Cessna business unit continues to see stabilization in the business jet market, the company announced Thursday. Cessna management has observed that availability of used aircraft is declining, customer utilization of the existing fleet has stabilized, availability of financing is improving and customer inquiries for new orders are beginning to increase.

At the same time, Cessna has continued efforts with customers to clarify the status of long-term orders remaining in backlog. The company has been in discussions with a large customer concerning the cancellation of about $1.1 billion of jets it had on order with Cessna. None of these aircraft were planned for delivery through 2012.

The company expects that cancellations in the fourth quarter will reduce backlog by a total of approximately $1.7 billion. These cancellations are not expected to have a material impact on planned deliveries through 2012.

The company will provide its outlook for 2010 business jet deliveries when it releases earnings on January 28.

FMI: www.cessna.com, www.textron.com

Advertisement

More News

Aero-TV: Sonex Displays Two-Seat Aerobatic Prototype

Model Combines Lightweight Design with Pilot Comfort Sonex Aircraft showcased its first two-seat aerobatic prototype at this year’s EAA Oshkosh Airventure. Though it has not >[...]

Aero-News: Quote of the Day (10.07.24)

“Dynon is committed to enhancing flight safety and reducing pilot workload. We’re thrilled to expand the SkyView HDX Autopilot to Mooney M20J and M20K pilots. This adva>[...]

ANN's Daily Aero-Term (10.07.24): ARTS IIIA

ARTS IIIA The Radar Tracking and Beacon Tracking Level (RT&BTL) of the modular, programmable automated radar terminal system. ARTS IIIA detects, tracks, and predicts primary as>[...]

ANN's Daily Aero-Linx (10.07.24)

Aero Linx: General Aviation Safety Council (GASCo) GASCo was founded in 1964 to provide a forum in which all of the General Aviation organisations could meet to share safety inform>[...]

ANN's Daily Aero-Term (10.08.24): Blind Spot

Blind Spot An area from which radio transmissions and/or radar echoes cannot be received. The term is also used to describe portions of the airport not visible from the control tow>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC