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-11.03.25

AirborneNextGen-
11.04.25

Airborne-Unlimited-11.05.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-10.17.25

Affordable Flying Expo Tickets (Discount Code: AFE2025): CLICK HERE!
LIVE MOSAIC Town Hall, 1800ET, 11.07.25: www.airborne-live.net

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

Airborne-NextGen 11.04.25: Anduril YFQ-44A, Merlin SOI 2, UAV Rulemaking Stalled

Also: Horizon Picks P&W PT6A, Army Buys 3 EagleNXT, First Hybrid-Electric Regional, Army Selects AEVEX Anduril Industries’ YFQ-44A Collaborative Combat Aircraft was flown>[...]

NTSB Prelim: Elmore Travis C Searey

While Flying North Along The Beach At About 300 Ft Above Ground Level, The Pilot Reported That The Engine RPM Dropped To About Idle On September 28, 2025, at 1126 eastern daylight >[...]

ANN's Daily Aero-Linx (11.03.25)

Aero Linx: European Association of Aviation Training and Educational Organisations (EATEO) Welcome to the “ European Association of Aviation Training and Education Organizati>[...]

ANN's Daily Aero-Term (11.03.25): On-Course Indication

On-Course Indication An indication on an instrument, which provides the pilot a visual means of determining that the aircraft is located on the centerline of a given navigational t>[...]

Aero-News: Quote of the Day (11.03.25)

“It also gives us the hard data we need to shape requirements, reduce risk, and ensure the CCA program delivers combat capability on a pace and scale that keeps us ahead of t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC