Cessna Aircraft is cutting light jet production and reducing costs as the company is now facing the prospect of another down year. The moves follow a first quarter in which Cessna posted an $8 million loss and its business jet deliveries fell to 32. The loss eclipsed the $6 million segment loss in first quarter 2012. And, first quarter 2013 deliveries were down by six jets over the same period in 2012. Cessna had expected a soft first quarter, but had thought sales would improve ...

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