Cessna NGP

July 15, 2010 - 10:47am

Some 325 Cessna Citations will take part in the sixth Special Olympics Citation airlift over the next two Saturdays in Lincoln, Neb. According to the Wichita aircraft manufacturer, one Citation will land or take off every two minutes for 10 hours each of these days as part of the Special Olympics USA National Games. More than 800 athletes from around the U.S.

May 3, 2010 - 11:28am

Cessna Aircraft has brought 10 of the company’s current in-production fleet to the EBACE 2010 static display, including eight Citation jets (Mustang, CJ1+, CJ2+, CJ3, the newly certified CJ4, XLS+, Sovereign and X), a Grand Caravan single-engine turboprop and a piston-engine 400 Corvalis TT.

May 3, 2010 - 9:00am

“Cessna’s been through a rough 18 months,” said chairman, president and CEO Jack Pelton at an EBACE press conference this morning. While Cessna delivered 289 jets last year, it expects to ship only 225 this year, he said. “We’re calling 2010 the trough, and then we expect to see a long, slow recovery with improvement starting around 2011.

May 3, 2010 - 8:56am

“Cessna’s been through a rough 18 months,” said chairman, president and CEO Jack Pelton at an EBACE press conference this morning. While Cessna delivered 289 jets last year, it expects to ship only 225 this year, he said. “We’re calling 2010 the trough, and then we expect to see a long, slow recovery with improvement starting around 2011.

October 20, 2009 - 3:22pm

Cessna Aircraft may have eschewed a presence on the floor of the convention hall, but it has its full line of production Citation business jets parked at the static display at Orlando Executive Airport.

Chairman, president and CEO Jack Pelton said at a press conference Monday the company decided to spend time with customers and came here with optimism that the business aviation market is thawing.

July 28, 2009 - 5:45am

The large-cabin Cessna Citation Columbus program has been “formally cancelled,” according to an Form 8-K report parent company Textron filed last month with the Securities and Exchange Commission.

July 14, 2009 - 12:04pm

The large-cabin Cessna Citation Columbus program has been “formally cancelled,” according to a Form 8-K report filed with the Securities and Exchange Commission late last week by Cessna Aircraft parent Textron. The move comes just a little more than two months after Textron’s decision “to suspend the development of the Citation Columbus widebody jet due to prevailing market conditions,” Textron said in the report.

July 13, 2009 - 10:59am

The large-cabin Cessna Citation Columbus program has been “formally cancelled,” according to an Form 8-K report parent company Textron filed late last week with the Security Exchange Commission and confirmed today by Cessna officials.

June 2, 2009 - 6:43am

With “revenues…down significantly in the last year,” Cessna chairman, CEO and president Jack Pelton announced on April 29 that, “To ensure our focus is on our strong products in existing markets, we are suspending our development of the Citation Columbus.” He also revealed a decision to reduce production rates for this year and next in response to “a continued decline in global demand for our aircraft.”

May 12, 2009 - 11:46am

No one has had it easy in business aviation these past six months, and Cessna has certainly had its share of knocks with enforced reductions in production capacity and a sudden decision to suspend development of its new Columbus model. But the U.S. airframer believes that it and the rest of the industry are about to turn the corner into more encouraging economic times.

 
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