Mon, Feb 02, 2004
Orders Down 35 Percent In '03
Cessna is feeling the
pinch. No doubt about it. The Wichita Eagle -- always a dependable
eye watching the machinations of aircraft manufacturers in the
Heartland -- reports Cessna deliveries were down 35 percent in 2003
as compared to the year before. Ouch.
And the slide isn't over yet, although Cessna professes to see
light at the end of the tunnel.
While Cessna and its parent company, Textron, expect 2004
deliveries to continue the downward trend, the company predicts a
rise in deliveries for 2005.
"We were expecting 2003 to be a challenging year, and it was,"
Cessna president and chief executive Jack Pelton said.
Cessna estimates it will deliver between 165 and 170 aircraft
this year. Deliveries of single-engine GA aircraft should remain
About 70 percent of Cessna's revenue will be generated by sales
of business-class jets, according to a company conference call with
analysts. Based on those predictions, Cessna recalled "a handful"
of workers last month and promises that "the employment outlook
One bright spot on Cessna's books seems to be the increased
consumer interest in the fractional jet market. "We have a very
good relationship with them," said Textron chairman, chief
executive and president Lewis Campbell. Cessna estimates about 20
percent of the aircraft it ships this year will go to fractional
YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]
Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]
An Impressive Line-Up Continues To Make A Solid Impact On Sport Aviation ANN CEO and Editor-In-Chief, Jim Campbell seized the opportunity to talk with Phil Solomon, the CEO of Tecn>[...]
AD NUMBER: 2014-17-04 PRODUCT: Certain Bombardier, Inc. Model CL-600-2B19 (Regional Jet Series 100 & 440) airplanes.>[...]
FAA General Aviation Airports Report Beginning in 2010, the FAA began a national review of the general aviation airports resulting in two reports, General Aviation Airports: A Nati>[...]