Cessna evaluates NetJets cancellation

 - January 29, 2007, 5:25 AM

A day after news of the NetJets order for 50 Hawker 400XPs, Cessna Aircraft parent company Textron announced that it expects no financial impact from the fractional provider’s earlier cancellation of an order for 50 Citation CJ3s. The company expects the canceled order, applied to jets slated for delivery in the late 2005 to 2008 timeframe, to be reallocated to existing customer orders. “Our current backlog for the CJ3 will allow us to fill out the planned CJ3 production schedule well into 2007,” said Cessna CEO Jack Pelton.