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 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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 05.25.16: Canada SeaPlane Regs, Blimp Downed, Citation Longitude Mated

Also: USAF Hassled, Hummel UltraCruiser, Helo Limits, FAA Video, Greg Connell Accident, Medical Helo Suit, Bombardier's 100th VistaJet Canada is proposing changes to their seaplane>[...]

Icon Steps Back, Admits Curtailed Production Plan

Finally Talking (And Still Hyping), Icon Production Plans Take A Big Hit The following is the text of a release from Icon Aircraft (bluster and all)... ANN Analysis and industry re>[...]

Solar Impulse 2 Is En Route To Lehigh Valley, PA

Atlantic Crossing Next Major Hurdle Solar Impulse 2 (Si2) departed Dayton (OH) International Airport with Bertrand Piccard at the controls, this morning at 0402 local time (UTC-4).>[...]

Icon Controversy Continues, But Icon Has Yet To Speak Up

The Company That Won't Answer Questions, May Finally Have To Do So ANN has been bombarded with info and reports concerning the health and well-being of the Icon Aircraft program...>[...]

ANN's Daily Aero-Linx (05.26.16)

Safety Management System (SMS) This FAA website was created as a public resource for those seeking to learn more about SMS within the aviation industry and the FAA.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC