Textron

November 27, 2007 - 10:11am

A Florida jury has found Cessna liable for the 1989 crash of a 185 in Florida and returned a record $480 million verdict against the Wichita-based manufacturer. Nobody died in the accident, but the three occupants of the 1966-model taildragger were injured in the crash and ensuing fire. The award consists of $400 million in punitive damages and $80 million in compensatory damages.

November 26, 2007 - 11:15am

Bell Helicopter Textron last month announced plans to lay off 270 workers at its Fort Worth-area plants. The job cuts will affect both union-represented hourly workers and salaried employees. A spokesman for the rotorcraft builder said further cutbacks were possible as the company reevaluated its position in the slumping world helicopter market and as the effects of investigations and slowdowns in the U.S.

November 26, 2007 - 7:28am

Cessna announced a new satellite-based, centrally managed parts inventory system for its Citation service centers. The system allows each center easy access to inventory availability at any Cessna-owned facility; previously, each center managed its own inventory. Separately, the Wichita-based aircraft OEM conducted a two-year study of repeat orders to establish sufficient inventory requirements for the most sought-after parts.

November 12, 2007 - 6:11am

Cessna announced yesterday that its authorized sales representative for the region, Wallan Aviation in Riyadh, Saudi Arabia, has placed an order for 25 airplanes valued at $110 million. Eleven are Citation business jets and the rest single-engine airplanes, 10 of which Wallan will use for a flight school it plans to establish in Riyadh next year.

November 12, 2007 - 5:46am

Cessna announced yesterday that its authorized sales representative for the region, Wallan Aviation in Riyadh, Saudi Arabia, has placed an order for 25 airplanes valued at $110 million. Eleven are Citation business jets and the rest single-engine airplanes, 10 of which Wallan will use for a flight school it plans to establish in Riyadh next year.

November 11, 2007 - 6:53pm

Cessna announced yesterday that its authorized sales representative for the region, Wallan Aviation in Riyadh, Saudi Arabia, has placed an order for 25 airplanes valued at $110 million. Eleven are Citation business jets and the rest single-engine airplanes, 10 of which Wallan will use for a flight school it plans to establish in Riyadh next year.

November 11, 2007 - 6:43pm

Wallan Aviation, Cessna’s Middle East distributor, has become the first and only company to date to place advance orders for five of the U.S. manufacturer’s proposed new large cabin business jet. Cessna has yet to officially launch a new aircraft development based on its so-called Large Cabin Concept (LCC) but has made it clear that the program will go ahead.

November 5, 2007 - 10:32am

Operators of Cessna 441 Conquest IIs have a new option for compliance with
the continuous inspection program Cessna initiated last June.

The revised program recommends that Part 91 and Part 135 operators comply with a series of supplemental inspection documents (SID) that are now being incorporated into an expanded phase inspection program with a compliance deadline of September 1 next year.

November 2, 2007 - 11:49am

Cessna reached a new labor agreement with the union representing nearly 6,000 of its workers. The Textron subsidiary concluded the three-year contract settlement with the International Association of Machinists and Aerospace Workers after a lengthy and often contentious bargaining process. “Cessna is the leader in the aviation industry and we certainly feel this was an industry-leading contract,” said Bob Wood, a union spokesman.

November 2, 2007 - 7:13am

Cessna Aircraft delivered 42 Citations in the third quarter, compared with 74 in the same period last year, bringing nine-month delivery totals this year to 148 versus 223 last year. The company expects to finish this year with 195 Citation deliveries, compared with 305 last year. The manufacturer expects to deliver even fewer Citations next year–between 165 and 170.
 

 
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