Cessna Bizjet Business Takes A Fall | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Airborne Hi-Def On YouTube

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Mon, Feb 02, 2004

Cessna Bizjet Business Takes A Fall

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 flat.

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 remains stable."

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 operations.

FMI: www.cessna.textron.com/home.html

Advertisement

More News

Airborne 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

Airborne 04.23.15: Able Flight, Diesel Archer, RutanRC!

Also: United Bars Security Expert, Airborne Advisors, NTSB Video, Avidyne, Cessna, Airport Access Tempest Plus Marketing Group has announced support for Able Flight as a Platinum L>[...]

Aspen Avionics, True Innovators, Present SnF2015 Special Event Coverage!

SnF2015 Sponsor: Always-Innovative Aspen Avionics Aspen Avionics specializes in bringing the most advanced technology and capability into general aviation cockpits. Our products in>[...]

Amazing Amphib! Lakeland 2015 Sponsor Progressive Aerodyne Goes EVERYWHERE

Progressive Aerodyne Does it All -- Land, Sea and Sky! Explore 'no limits' living in the newly FAA certified Searey Elite Amphibious Light Sport Airplane. This distinctive aircraft>[...]

ANN's Daily Aero-Linx (04.26.15)

Aerospace Web Aerospaceweb.org is a non-profit site operated by engineers and scientists in the aerospace field. The goal of this site is to provide educational information on a va>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC