Cessna's European Caravan Fleet Rapidly Expands in 2005

May 17, 2005

Geneva, Switzerland - May 17, 2005 - The European Caravan fleet will experience significant growth in 2005. By mid-year, Cessna will deliver 10 new Caravans to operators in Spain, Finland, Poland, and Russia. Approximately 60 Caravans currently operate in Europe.

"The Caravans we are delivering to these countries are to operators that have never owned a Caravan before," said Pana Poulios, Cessna Regional Sales Manager. "Part of the reason these customers are joining the Cessna Caravan family is the irrefutable reputation the Caravan has established over the last 20 years as a highly reliable and economical workhorse with superb mission flexibility for executive transport, personal use, or cargo operations."

Spain

In May 2005, Cessna delivered the first of seven Super Cargomasters to a new cargo company based in Madrid, Spain. The remaining Super Cargomasters will be delivered in July and August 2005. Prior to this time, four Caravans operated in Spain.

The new cargo company, Air Pack, plans to fly its first mission with the Super Cargomaster in late May. As one of the only cargo services in the area, Air Pack has already developed an impressive clientele list and is setting the standard for cargo transportation between Madrid and key financial business centers in Europe. Mark Blomfield of MB Aviacion, Cessna's Authorized Sales Representative (ASR) for Spain, played a key role in securing this sale.

Finland

Cessna will deliver a Grand Caravan to Oulun Tilauslento in Finland in June 2005. The Grand Caravan will replace the operator's legacy piston twin aircraft, and will support an existing cargo operation. Peter Bennedsen of BenAir A/S, Cessna's ASR for Finland, assisted in facilitating this sale.

Poland

The keys to the 1,500th Caravan were presented to customer Radoslav Miskiewicz of GEMI Ltd. in April 2005 at Aero Friedrichshafen. GEMI Ltd., a trading company in the ferroalloys industry, is headquartered in Poland and will use the aircraft for private and business travel. The 1,500th Caravan is equipped with the luxurious OASIS interior, and is the first OASIS-equipped Caravan to be delivered to Poland. Loyd's Investments, Cessna's ASR for Poland, was instrumental in this sale.

Russia

Cessna delivered Russia's first Grand Caravan with an OASIS interior in March 2005 to an established company headquartered in Russia. The aircraft is based in Moscow, and regularly flies company personnel to and from outlying facilities, generally within a 600-mile radius from Moscow. Loyd's Investments, Cessna's ASR for Russia, was critical to closing this sale.

EBACE

A Grand Caravan with OASIS interior will be on display at the European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland, May 18-20, 2005. It is scheduled to arrive at Geneva International Airport on May 16. The Grand Caravan will have a special commemorative insignia recognizing the Caravan's 20th year of continuous production. After EBACE, the Grand Caravan will travel throughout Europe and Russia as part of the 20th anniversary worldwide demonstration tour. With over 1,500 Caravans successfully operating in a variety of missions worldwide, the Caravan's wide performance envelope is legendary. The interior can be configured in a variety of ways to accommodate specific mission requirements. The most frequent Caravan payload consists of people, freight or a combination of both. The Caravan was first introduced in 1985, and was originally designed to provide commercial operators such as Federal Express with a more efficient way to transport cargo. The Caravan fleet operates in 68 countries, logs over 70,000 hours per month, and has exceeded 8 million flight hours. This Sure Thing from Cessna has repeatedly proven the value of its simple and robust design, reliable systems and safe and forgiving flight characteristics.

Cessna Aircraft Company is a subsidiary of Textron Inc. (NYSE: TXT). Textron Inc. is a $10 billion multi-industry company with 44,000 employees in 40 countries. The company leverages its global network of aircraft, 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com or www.cessna.com.

For additional information or questions about the general aviation industry, contact the General Aviation Manufacturers Association (GAMA) at 202-393-1500 or www.GAMA.aero.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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