Brazil Ranks Among Top Business Jet Markets for Cessna

August 13, 2008
Sao Paulo, Brazil - August 13, 2008 - Trailing only the United States and Europe, Brazil is now among the top business jet markets for Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company.

Cessna is here through Aug. 16 to participate in the Latin American Business Aviation Conference & Exhibition. Among the aircraft in the company’s static display are three Citation business jets: the Citation Sovereign, Citation CJ3 and Citation Mustang; the Grand Caravan turboprop and two single-engine pistons: the Turbo Stationair and Cessna 400.

“Business aviation in Brazil is benefiting from a strong economy; Cessna will deliver more Citation business jets to Brazil this year than any other international market,” said Trevor Esling, vice president, International Sales for Cessna. “A growing number of companies and individuals throughout the region are embracing the concept of an aircraft as a business tool. Cessna’s broad product range offers a solution for various mission types and gives customers efficient transportation, convenience, flexibility and accessibility to remote areas.”

Cessna is scheduled to deliver 48 new business jets to customers in Latin America by the end of 2008, and the company’s backlog there tops more than 175 Citations. Orders span the entire Citation line, from the entry-level Mustang to the all-new, large cabin, intercontinental Columbus.

“Brazil is our largest single international market for the Mustang, outside the European Union,” Esling said.

The worldwide fleet of Cessna Citations surpasses 5,200, making it the largest fleet of business jets in the world. There are more than 370 Citations in Latin America today.

Worldwide Citation deliveries reached 387 in 2007, up from 307 in 2006 and an increase of 50 percent over 2005. Cessna plans to deliver 470 new business jets this year, 535 in 2009.

The company reported 435 orders for Citations in the first six months of 2008. Cessna took a record 773 business jet orders in 2007.

About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2007, Cessna delivered 1,272 aircraft, including 387 Citation business jets, and reported revenues of about $5 billion. Cessna has a current backlog of $16 billion through June 30, 2008. Since the company was originally established in 1927, some 190,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,200 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.

About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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, Fluid & Power, Textron Systems and Textron Financial Corporation. 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.

Connect with Textron IR

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

Email Alert

Enter your Email *
Mailing Lists *





 
Enter the code shown above.