Textron’s second-quarter revenues of $3.2 billion were up 26 percent from last year, driven primarily by double-digit gains at Bell and Cessna. Bell segment revenues increased $199 million and profit was up $12 million due to higher V-22 Osprey revenue. At Cessna, revenues grew by $410 million, to $910 million, due to higher Citation, single-engine, Caravan and pre-owned aircraft deliveries, as well as the consolidation of CitationShares.
Cessna
October 4, 2006 - 4:50am
Fractional provider CitationShares recently announced three new programs for its customers. Preferred Positioning lets customers book and purchase–at a steep discount–positioning (deadhead) flights on fractional aircraft. Caribbean Express enables CitationShares’ fractional owners to travel to the Caribbean and Costa Rica without incurring repositioning fees on Saturday trips that fall within designated four-hour windows.
October 2, 2006 - 2:56pm
Cessna 208B Caravan, Bellevue, Idaho, Dec. 6, 2004–Mountain Bird’s UPS cargo flight crashed in flat open terrain about seven miles outside Bellevue, Idaho, in VMC. The aircraft was destroyed and the two ATP pilots were killed. The captain had logged 9,757 hours. En route from Salt Lake City to Freidman Memorial (SUN), Hailey, Idaho, the Caravan was on an IFR flight plan.
October 2, 2006 - 8:10am
If giant airshows such as Paris, Farnborough, Asian Aerospace and Dubai–even NBAA– represent business aviation’s economic engine, then EAA AirVenture in Oshkosh, Wis., (July 25 to July 31) measures the pulse of flying’s human side.
October 2, 2006 - 6:36am
Roger Whyte, Cessna’s senior vice president of sales and marketing, told attendees at the first ABACE that Cessna’s presence in the country dates back to 1982. “Including our current orders, Cessna has 60 single-engine propeller-driven aircraft, eight Caravans and 17 Citations [on order or in service] in Asia,” he said.
September 29, 2006 - 10:38am
With a firm order for 10 Eclipse 500s and an option for 10 more, London, Ontario-based OurPlane became the first fractional customer for the very light jet, scheduled to enter service early next year. Prices for a one-quarter share of the Eclipse 500 start at $349,900, with a monthly fixed cost of $3,500 and hourly operating costs of $369, without a pilot.
September 29, 2006 - 9:57am
Deliveries of new turbine business airplanes–particularly from Bombardier, Cessna, Gulfstream and Raytheon–in the first half of this year shot up more than 31 percent compared with the same period last year, according to the second-quarter shipment report from the General Aviation Manufacturers Association (GAMA) released recently.
September 28, 2006 - 12:55pm
Calls to replace the aviation fuel tax with a new user fee structure as a means of funding improvements to U.S. airspace management are not supported by a business case, according to Cessna Aircraft chairman, president and CEO Jack Pelton. Speaking to government and industry officials on Friday at the Washington Aero Club, Pelton said too many myths have been created to support calls for new user fees.
September 28, 2006 - 4:30am
Cessna 425 Conquest I, Bozeman, Mont., Nov. 29, 2005–Salt Lake Center had cleared Conquest N701QR for the procedure turn to a holding pattern at 12:40 p.m. and told the pilot to contact Gallatin Field, his destination. The pilot, the sole occupant, read back the clearance correctly and there were no further transmissions. The airplane disappeared from radar at 5:40 p.m. and crashed on a ranch. The pilot was killed.
September 27, 2006 - 11:52am
The champagne corks were surely popping in Wichita on September 8 when Cessna Aircraft announced it had earned full type certification of its newest jet, the Mustang. The paperwork was signed just short of four years after the company announced the project at the 2002 NBAA Convention in Orlando, Fla.
