Cessna Bizjet Business Takes A Fall | 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-06.02.25

Airborne-NextGen-06.03.25

AirborneUnlimited-06.04.25

Airborne-AffordableFlyers-06.05.25

AirborneUnlimited-06.06.25

Mon, Feb 02, 2004

Cessna Bizjet Business Takes A Fall

Orders Down 35 Percent In '03

Cessna is feeling the pinch. No doubt about it. The Wichita Eagle -- always a dependable eye watching the machinations of aircraft manufacturers in the Heartland -- reports Cessna deliveries were down 35 percent in 2003 as compared to the year before. Ouch.

And the slide isn't over yet, although Cessna professes to see light at the end of the tunnel.

While Cessna and its parent company, Textron, expect 2004 deliveries to continue the downward trend, the company predicts a rise in deliveries for 2005.

"We were expecting 2003 to be a challenging year, and it was," Cessna president and chief executive Jack Pelton said.

Cessna estimates it will deliver between 165 and 170 aircraft this year. Deliveries of single-engine GA aircraft should remain flat.

About 70 percent of Cessna's revenue will be generated by sales of business-class jets, according to a company conference call with analysts. Based on those predictions, Cessna recalled "a handful" of workers last month and promises that "the employment outlook remains stable."

One bright spot on Cessna's books seems to be the increased consumer interest in the fractional jet market. "We have a very good relationship with them," said Textron chairman, chief executive and president Lewis Campbell. Cessna estimates about 20 percent of the aircraft it ships this year will go to fractional operations.

FMI: www.cessna.textron.com/home.html

Advertisement

More News

Citation Operators Get Another Flight Data Connection for QA

LinxUs System Adds Capabilities for Data-Driven Operators Textron Aviation announced another option for operators processing their post-flight data, adding interoperability with GE>[...]

ANN's Daily Aero-Linx (06.01.25)

Aero Linx: The de Havilland Moth Club Ltd The de Havilland Moth Club evolved from a belief that an association of owners and operators of Moth aeroplanes should be formed to create>[...]

NTSB Final Report: Bellanca 8GCBC

(Pilot) Inadvertently Applied Excessive Braking Action, And The Airplane Nosed Over Analysis: The pilot reported that, while landing at a remote, rough and uneven airstrip in a tai>[...]

Aero-News: Quote of the Day (06.01.25)

“MCADT is committed to rapidly integrating armed first-person view drones into the FMF, enhancing small-unit lethality and providing organic capabilities that warfighters cur>[...]

Classic Aero-TV: High-Speed Match-up - Venom and GE Rebirth A Legend

From 2017 (YouTube Edition): Major Engine Supplier Joins Forces With Small Aircraft Manufacturer… GE recently made an agreement with Venom Aircraft to supply engines for the>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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