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Sep 25 2007, 05:33 PM
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Maintenance Panel ![]() ![]() ![]() Group: Administrators Posts: 491 Joined: 25-January 06 From: Orlando, Florida Member No.: 4 |
Cessna: Jet Sales Fuel $11B Backlog
ATLANTA (AP) - The head of Textron Inc.'s Cessna Aircraft Co. said Monday the airplane manufacturer's backlog stands at $11 billion - the most in eight decades of operation - as business jet orders and deliveries continue to grow. Jack J. Pelton, chairman, president and CEO of Cessna said in a statement the company had orders for 2,700 units on its books as of Aug. 31. Half of those are Citation-model business jets. So far this year, Cessna has secured orders for 525 business jets, compared with 496 during all 12 months last year, the company said. Speaking at an industry conference, Pelton said Cessna plans to deliver 380 business jets this year, up from 307 last year. The company plans to deliver 470 in 2008, he said. "This extraordinary rate of growth is being driven by strong economies and corporate profits and a rapidly emerging global marketplace," he said. "Clearly, our strategy of having the broadest, most comprehensive product line in the industry is serving us well." Separately, Cessna said it received an order for 30 Citation X jets from private jet leasing company XOJET Inc. That order has a list value of more than $600 million. Cessna also said it secured an order from Japan Aerospace Corp. for six jets and six propeller planes. |
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| Lo-Fi Version | Time is now: 7th September 2010 - 06:30 PM |