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-11.04.24

Airborne-NextGen-11.05.24

Airborne-Unlimited-11.06.24

Airborne-FlightTraining-11.07.24

Airborne-Unlimited-11.08.24

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

ANN's Daily Aero-Term (11.05.24): Circle-To-Land Maneuver

Circle-To-Land Maneuver A maneuver initiated by the pilot to align the aircraft with a runway for landing when a straight-in landing from an instrument approach is not possible or >[...]

Aero-News: Quote of the Day (11.05.24)

"We are thrilled to see such remarkable interest in the Skyryse One First Edition. Our goal is to open up access to aviation by making it safer and simpler to pilot any aircraft. T>[...]

Airborne 11.01.24: XB-1 Flies Again, Evektor Fleet Sale, Zepp Record Remembered

Also: Senator Pushes FAA, Gulfstream Goes Starlink, Crew-8 Astro Out of Hospital, PC-12 Flight Hours Boom Supersonic’s XB-1 demonstrator aircraft successfully carried out Fli>[...]

Airborne 11.04.24: World Drone Races, Manta Aircraft, Stratus Power Max

Also: Large Formation Skydiving, USCG Medevac, ARTCC Meteorologists, SpaceX 2024 100th The 2024 Fédération Aéronautique Internationale (FAI) World Drone Racing>[...]

Airborne-NextGen 11.05.24: China v Skydio, SpaceX 100th, World Drone Champs

Also: ERAU Hurricane Drone Program, lightWave Edge 130 Blue, Manta Aircraft, ARTCC Meteorologists Prominent American drone manufacturer Skydio was recently hit with sanctions from >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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