Cessna Aircraft and Bell Helicopter parent company Textron reported first-quarter revenues of $2.9 billion yesterday, up 15.2 percent from a year ago, and $247 million in manufacturing profits, an $80 million increase attributable largely to Bell. While quarterly revenues at Cessna increased by $113 million year-over-year, to $669 million, the division still recorded a loss of $6 million, though the red ink was shallower than the $38 million loss in last year’s first quarter.
Bell Helicopter opened a new office in New Delhi today for all of its operations in India. The company has had a presence in India for nearly 20 years, opening a liaison office in 1995. There are currently more than 100 Bell helicopters operating throughout India, it noted.
“We believe there are tremendous growth opportunities in terms of sales and manufacturing [in India],” said Bell president and CEO John Garrison. “This is an important day for Bell Helicopter as we celebrate our continued commitment and partnership with our customers in India.”
The FAA has issued an Airworthiness Directive for the Cessna 680 Citation Sovereign prompted by a false cross-feed command to the right-hand fuel control card due to the cross-feed inputs on the left- and right-hand fuel control cards being connected and causing an imbalance of fuel between the left and right wing tanks. The fix will prevent lateral imbalance of the airplane resulting from uncontrolled fuel cross-feed.
Former Cessna Aircraft chairman and CEO Russ Meyer received the U.S. Chamber of Commerce’s Carol B. Hallett Award on Thursday. “Russ’s critical leadership role at the intersection of aviation, business, policy and philanthropy exemplifies the spirit of the Chamber and all it embodies,” said AOPA senior vice president of government affairs Melissa Rudinger. Meyer, who served as a fighter pilot with both the USAF and USMC and spent more than three decades at Cessna, previously received NBAA’s Meritorious Service to Aviation Award, among many other accolades.
Today CitationAir by Cessna announced an alliance with The Eliot Hotel, a historic boutique hotel in downtown Boston. Through this new relationship, guests of The Eliot Hotel will be eligible for “unique benefits” to fly privately with CitationAir, including 50 percent off the minimum purchase of a Citation Air Jet Card, a discount that could be as much as a $50,000, the company said. For CitationAir customers, The Eliot Hotel will offer exclusive guaranteed rates for a one-bedroom suite when they visit Boston.
Shanghai Hawker Pacific (SHP) general manager Carey Matthews and deputy general manager Dr. George Lu signed a preliminary service center agreement with Cessna Aircraft president and CEO Scott Ernest today at ABACE. The agreement is designed to pave the way for SHP’s Business Aviation Service Centre at Shanghai Hongqiao Airport to become a Cessna-authorized service facility.
At Abace today, Cessna Aircraft senior vice president for business jets Brad Thress elaborated further on the aircraft manufacturer’s joint venture with Aviation Industry Corp. of China (Avic) and the Chengdu provincial government to build midsize Citations in China. He said that the Sovereigns and Latitudes built in China will be assembled in Chengdu from components made at the company’s headquarters in Wichita. “We see this as incremental business.
Cessna Aircraft is making an aggressive move into Asia with plans to manufacture aircraft in China in partnership with Aviation Industry Corp. of China (Avic) and the Chengdu provincial government.
Cessna Aircraft and the Aviation Industry Corp. of China (Avic) signed “two strategic agreements to jointly develop general and business aviation in the People’s Republic of China” on Friday. Together these agreements “pave the way for a range of business jets, utility single-engine turboprops and single-engine piston aircraft to be manufactured and certified in China,” Cessna said. “The details of our agreements are still under discussion,” a Cessna spokeswoman told AIN, “but aircraft to be produced in Chengdu and sold in China include the Sovereign and Latitude.”
Cessna Aircraft and the Aviation Industry Corp. of China (Avic), this morning, are expected to give more details of their plans to begin joint production of business jets in China. The two companies are holding a press conference here at the ABACE show in Shanghai, following last Friday’s signing of two strategic agreements in Beijing’s Great Hall of the People.