Geneva, May 20, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the European Business Aviation Convention & Exhibition (EBACE) it has taken 24 business jet orders from Austrian charter giant JETALLIANCE. With orders placed during the first quarter, it brings year-to-date Citation orders from JETALLIANCE to 50.
The orders span virtually the entire Cessna Citation product range, from the Citation Mustang to the newly announced Citation Columbus. Deliveries start in 2010.
"We are pleased to announce JETALLIANCE's 2008 total orders today at EBACE. JETALLIANCE has done a remarkable job with its growth strategy since its beginning in 1996, and we are excited to be a part of the story," said Roger Whyte, Cessna senior vice president, Sales & Marketing.
The 2008 orders consist of four Citation Mustangs, seven Citation CJ2+s, 11 Citation CJ3s, three Citation CJ4s, 10 Citation XLS+s, seven Citation Sovereigns, four Citation Xs, and four Citation Columbus aircraft.
JETALLIANCE Group is one of the world's leading business jet enterprises, offering a unique turnkey solution for business jet customers. With Jetalliance, the customer can purchase, finance, operate and maintain an aircraft. The Group's subsidiary, JETALLIANCE Flugbetriebs GmbH, operates a fleet of 35 aircraft with an average age of only three years - one of the youngest fleets in Europe. It operates under JAR OPS 1 in Europe, but is also FAA part 129 certificated allowing it to fly commercially in the United States and Canada.
"We find Cessna Citations to be perfect for most of our operations given their performance, low cost of operation and global support network," said Lukas Lichtner-Hoyer, managing director of the JETALLIANCE Flugbetriebs GmbH. "As a result of our turnkey operation, and working together with Cessna and BTV, our financiers, we have seen a considerable expansion in our sales and operations in Eastern Europe and Russia in the last few years. This order is a confirmation of this success, as well as our view of the future potential of those markets."
Source: Cessna Receives 24 Citation Orders from JETALLIANCE at EBACE; Brings Year-to-Date JETALLIANCE Orders to 50
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