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Cessna Encouraged By Market Stability in Asia-Pacific Region
February 02, 2010
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Singapore - February 2, 2010 -
Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, is encouraged by the stability of the general aviation market in the Asia-Pacific region.
“This region has been one of the strongest for Cessna during the most recent downturn. It has been least affected by the economic climate and financing issues facing the rest of the world,” said Roger Whyte, Cessna’s senior vice president, Sales and Marketing. “The strongest segments for Cessna in this region have been special mission and government orders.”
The Citation Sovereign continues to be very popular in the Asia-Pacific region. Most recently, the Citation Sovereign was selected by both the Japan Aerospace Corporation and the Civil Aviation Administration of China for special mission work.
The Citation Excel/XLS/XLS+ is also popular in the region. Last year, the China Flight Inspection Center of the Civil Aviation Administration of China used a Citation XLS to land and take off at Qamdo Bangda Airport (BPX/ZUBD) in Tibet, demonstrating the aircraft’s capability to operate at the world’s highest airport at 14,219 feet (4,334 meters).
Early this year, Cessna is set to deliver the first of five Citation Mustangs ordered by the Singapore Flying
College
in Australia to support its advanced training program.
Cessna also recently delivered five Grand Caravans to Susi Air in Indonesia as part of an
order
for 30 Grand Caravans to be delivered by 2011.
There are currently more than 3,400 Cessnas operating in the Asia-Pacific region.
Cessna will display a Citation CJ3, Sovereign and Grand Caravan at the Singapore Airshow taking place Feb. 2 - 7 at Changi Exhibition Centre in Singapore.
About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2009, Cessna delivered 754 aircraft, including 289 Citation business jets, and reported revenues of about $3.3 billion. Since the company was originally established in 1927, more than 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at
www.cessna.com
.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at
www.textron.com
.
Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and
foreign exchange
rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.
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