50 SKY SHADES - World aviation news

With Deliveries Up, Cessna Preps for Longitude's NBAA Debut

Download: Printable PDF Date: 28 Oct 2015 05:54 (UTC) categories:
Publisher:
With Deliveries Up, Cessna Preps for Longitude's NBAA Debut - Manufacturer publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes
Source: AIN

Third-quarter revenue at Textron Aviation rose $79 million, to $1.159 billion, from a year ago, thanks to more Cessna Citation shipments, while profits jumped by $45 million, to $107 million. The Textron subsidiary delivered 37 Citations and 29 King Airs during the quarter, compared with 33 Citations and 30 King Airs in the same period last year. Backlog as of September 30 was $1.4 billion, essentially unchanged from late June.

In a third-quarter investor call this morning, Textron chairman and CEO Scott Donnelly characterized the business-jet market in North America as “reasonably strong,” while Europe and Asia, saddled with lagging economies and the strong U.S. dollar, “remain a challenge.” Eighty percent of Textron Aviation’s deliveries during the third quarter went to North American customers, up from a more typical 50 to 60 percent.

Cessna delivered the first four Citation Latitudes in the quarter, “opening a new generation of larger-cabin jets at the company,” Donnelly said, adding that its next product in this segment—the Citation Longitude—will make its debut next month at the NBAA Convention in Las Vegas. Neither Donnelly, during this morning’s investor call, nor a Textron Aviation spokeswoman contacted afterward would elaborate further on whether this debut will be of an actual aircraft (the Longitude mockup made its debut at EBACE 2012).

Related event:
17
November
2015
United States, Las Vegas , Las Vegas Convention Center.


Archived
5 years ago



Loading comments for With Deliveries Up, Cessna Preps for Longitude's NBAA Debut...


Recommended

Launch customer for hydrogen-powered ATR 72 cargo aircraft - ASL Aviation Holdings

Universal Hydrogen announced it has executed a letter of intent with ASL Aviation Holdings. ASL will be a global launch customer for the turboprop cargo market and plans to purchase up to te...

The development of ultra-luxury segment in the booming private jet market

There is no denying that private jets are an exquisite asset that most of the time can be obtained only by the most prominent figures. In the public’s eyes, a delightfully equipped Gulfstream G6...

Mi-8 evolution - how legendary model manages to keep up with time

In the year of the 60th anniversary of the Mi-8 maiden flight we revisit the history of this famous helicopter and its current modifications. Development activities for improvement of the Mi-8MTV-5-1...

GrandView Aviation engine maintenance agreement with Pratt & Whitney Canada

Pratt & Whitney Canada announced that business jet charter company GrandView Aviation has signed a Fleet Management Program  for its fleet of 26 PW535E engines powering Embraer...