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Wed, Sep 19, 2007

Cessna Receives $105 Million Order from Europe's JetAlliance

Builds On Earlier 25-Plane Deal

European charter operator JetAlliance just can't seem to stop ordering Citations... not that Cessna is complaining, mind you.

Hot on the heels of a 25-plane order announced earlier this year at EBACE 2007, on Wednesday Cessna announced at the Jet Expo international business aviation exhibition in Moscow that JetAlliance has placed an order for a further 10 Citation business jets, valued at $105 million.

The order comprises one CJ1+, two CJ2+, two CJ3, three XLS+ and two Sovereign aircraft. Deliveries will take place in 2009 and 2010. JetAlliance, based in Vienna, Austria, is the third largest charter operator in Europe and is Cessna's authorized sales representative for Russia and Eastern Europe.

"Citations are well matched to the needs of Russia's business community, and we are seeing strong demand across the region," said JetAlliance Chief Executive Officer Lukas Lichtner-Hoyer.

Cessna has delivered more than 5,000 Citation business jets, accounting for nearly half of all business jets delivered by US manufacturers.

"Today's order from JetAlliance underlines the global appeal of the value and performance delivered in Cessna's line of Citation business jets," said Cessna Vice President for Citation Sales Mike Luethye.

Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion.

FMI: www.cessna.com, www.jetalliance.at

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