Mustang Not For Air-Limo Network

 - October 17, 2006, 7:40 AM

Few if any Mustang orders are for very light (VLJ) jet air-limo operators, and Cessna seems neither surprised nor alarmed. According to Lewis Campbell, chairman, president and CEO of Cessna parent Textron, “An air-taxi [network] is going to be tough to make work financially unless the airplane is very inexpensive, much less expensive than the $2.4 million Mustang.” Campbell said less-expensive VLJs are “smaller and more cramped and you have to fill them up to make the cost per ride a decent profit for the operator and still be affordable for the customer. I have my doubts about air-taxi networks. But truthfully, I hope it works because it just gets more people flying business jets, and the sooner they are going to get into one of our products.”