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 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Cessna Deliveries Drop, To Remain Slow".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.