Execaire Places Order for Four Cessna Citation Mustangs, Three Soverign and Two XLS+ Jets

Released on Friday, June 20, 2008
Citation Mustang
Citation Sovereign
Citation XL
CBAA - Canadian Business Aviation Association
FAA - Federal Aviation Administration
Wichita, Kan., June 20, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the 47th annual Canadian Business Aviation Association convention and trade show, an order from Execaire for nine Citations.

The order consists of four Citation Mustangs, three Citation Sovereigns, and two Citations XLS+ aircraft. Canada-based Execaire, one of North America's oldest corporate aircraft companies, has managed maintained and operated aircraft for more than 40 years. Execaire is an authorized Cessna sales representative, parts distributor and Citation Service Center with facilities at Toronto's Lester Pearson International Airport.

"Execaire really knows the Canadian market, so this order is a good indication of the strength of business aviation in the country," said Todd Duhnke, Cessna director, International Sales. "More and more Canadian businesses are seeing Citation business aircraft as a tool to really enhance productivity, allowing employees to travel to where they want to go, not to just where the airlines travel, and to set their flight schedules based on individual business needs.

"Citations are particularly well suited for Canadian operations as they can use almost all of the airports in Canada, many in remote locations and many as short as 3,500 feet," Duhnke said.

Deliveries of the aircraft are expected to begin in 2010.

The Citation models ordered represent three best-selling Cessna business jet models. The Citation Mustang, the world's only fully operational entry level jet, recently surpassed the 500 order mark. Cessna is expected to deliver about 100 Mustangs in 2008 and ramp up to about 150 deliveries in 2009.

The Citation XLS+ is the latest version of the world's best-selling business jet. The XLS+ version received FAA certification in May. The Citation Sovereign is one of Cessna's largest aircraft and has enjoyed operational success in every part of the world.

Source: Cessna Takes $87 million Citation Order at CBAA from Execaire

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