Cessna Enters Year on a High Note

AINalerts » April 20, 2006
November 22, 2006, 6:02 AM

Despite lack of near-term availability, Cessna received orders for 111 Citations in the first quarter compared with 73 in the first quarter of last year. This quarter’s numbers include 41 aircraft from two fleet operators. “Nonetheless, the remaining orders for 70 aircraft were more than we had expected,” according to Lewis Campbell, chairman, president and CEO of Cessna parent Textron. He said Cessna delivered 67 Citations in the first quarter compared with 55 in the same period last year. “We are going to be stepping up [deliveries] each quarter in small amounts to reach the projection of shipping 295 to 300 Citations this year.” Expect deliveries to go up next year, Campbell noted, including 40 to 50 Citation Mustangs and the start of Citation Encore+ shipments. Textron said total orders for 2007 are closing in on 335 Citations, including just under 50 Mustangs. “The next available Mustang, if ordered today, is in third quarter of 2009.”

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