Textron’s Cessna remains bullish on business aviation
Feb. 6, 2008, Washington - Cessna Aircraft Co. has launched a new development program for its largest business jet ever.
February 6, 2008 By Carey Fredericks
Feb. 6, 2008, Washington – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, has
launched a new development program for its largest business jet ever, a
signal that the world’s largest producer of
business jets remains bullish on the future of business aviation,
despite fears of an economic downturn.
Cessna Chairman, President and CEO Jack J. Pelton will reveal details of
the new intercontinental business jet at a briefing at the Willard Hotel
in Washington on Wednesday, Feb. 6 at 2:30 pm, and will be available for
interviews on business aviation issues.
In announcing the launch of the program in late January, Textron
Chairman, President and CEO Lewis Campbell told analysts that Textron
would invest in the new aircraft based on extensive research of customer
and market demands. He said Cessna’s track
record of new jet introductions and the strength of the global business
jet market give the corporation confidence in making the investment in
the new jet.
The new Cessna will be capable of trans-oceanic and trans-continental
travel at a high cruise speed, key requirements of today’s
– and tomorrow’s
global business leaders. Cessna, which delivered a record 387 business
jets in 2007, has delivered more business jets –
over 5,100 – than any other company in the