Released on Wednesday, September 19, 2007
Cessna Receives $105 Million Order from Europe's JetAlliance
Moscow, September 19, 2007 � Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the Jet Expo international business aviation exhibition in Moscow that JetAlliance has placed an order for a further 10 Citation business jets valued at $105 million.
The order comprises one CJ1+, two CJ2+, two CJ3, three XLS+ and two Sovereign aircraft. Deliveries will take place in 2009 and 2010. This follows the order by JetAlliance for 25 Citation business jets announced in May of this year.
JetAlliance, based in Vienna, Austria, is the third largest charter operator in Europe and is Cessna's authorized sales representative for Russia and Eastern Europe. "Citations are well matched to the needs of Russia's business community, and we are seeing strong demand across the region," said JetAlliance Chief Executive Officer Lukas Lichtner-Hoyer.
Cessna has delivered more than 5,000 Citation business jets, accounting for nearly half of all business jets delivered by U.S. manufacturers.
"Today's order from JetAlliance underlines the global appeal of the value and performance delivered in Cessna's line of Citation business jets," said Cessna Vice President for Citation Sales Mike Luethye.
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of almost 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.
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