The ongoing light business jet market malaise and the transition to upgraded Citation Sovereigns and Xs led Cessna to a $50 million second-quarter loss and a more than 50% plunge in business jet deliveries, Cessna parent Textron reported July 17. Cessna further expects this to continue into the third quarter as the market has shown few signs of improvement and avionics software certification delays push deliveries of two new products, the M2 and Sovereign, into the fourth quarter, and ...
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