Wichinta, Business Wire -- Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, completed a successful visit to the Asian Business Aviation Conference & Exhibition Forum 2008 on Feb. 14 in Hong Kong and the Singapore Airshow Feb. 19-24 by wrapping up orders for 74 aircraft, with an estimated value of more than $219 million.
Cessna announced several agreements that were finalized in time for the Singapore Airshow: private aviation services provider BJETS placed an order for 20 Citation CJ2+ business jets worth approximately $150 million; India-based Chimes Aviation ordered 11 Skyhawk 172Rs and nine Skyhawk turbo-diesel models; and Susi Air of Indonesia ordered six Grand Caravan 208Bs.
On top of those orders, Cessna officials returned to Wichita with purchase agreements for an additional 17 single-engine pistons, nine Caravan turboprop aircraft and two Citation business jets. The orders span the company’s product line, from the Citation X to the new Skyhawk turbo-diesel model. The newly-ordered aircraft are destined for Australia, China, India, Indonesia, the Philippines, South Korea and other locations throughout the Asia-Pacific region.
About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2007, Cessna delivered 1,272 aircraft, including 387 Citation business jets, and reported revenues of about $5 billion. Cessna has a current backlog of $12.6 billion. Since the company was originally established in 1927, some 190,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,100 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.
About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
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