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 08.20.14 ** HD iPad-Friendly -- Airborne 08.20.14 **
** Airborne 08.18.14 ** HD iPad-Friendly -- Airborne 08.18.14 **
** Airborne 08.15.14 ** HD iPad-Friendly -- Airborne 08.15.14 **

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 08.18.14: FAA v UAVs-Again, KidVenture14!, ARSA Sez FAA Over-Reaching

Also: AquaPacer!, ProAdvantage, S Korea's Astro Shortage, More Aero-Diesel Growth Expected What seems like a good idea for real estate brokers and property buyers is not going to b>[...]

Aero-TV: The CubCrafters Attitude – Finding Solutions While Others Find Problems

CubCrafters Is Growing... And In A 'Down' Industry -- Find Out How While at EAA AirVenture 2014, ANN’s Michael Maya Charles stopped to talk with John Whitish, the Marketing M>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-16-07 PRODUCT: Certain Bombardier, Inc. Model DHC-8-400, -401, and -402 airplanes.>[...]

AD: The Boeing Company Airplanes

AD NUMBER: 2014-16-14 PRODUCT: Certain The Boeing Company Model 737-600, -700, -700C, -800, and -900 series airplanes.>[...]

ANN's Daily Aero-Linx (08.20.14)

Fearless Aeronca Aviators A webpage dedicated to those intrepid pilots who fly or are intrigued by Aeronca Champs, Chiefs, Sedans and similar aircraft.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC