Cessna Expands into Eastern Europe with $200 Million Order for 20 Jets from Jetalliance.ORLANDO, Fla. -- Cessna Aircraft Company, a subsidiary of Textron Inc. (NYSE NYSE See: New York Stock Exchange : TXT TXT Text TXT Text File (filename extension) TXT Textile TXT Teletext TXT Tecnologia per a Tothom TXT Textron Corporation (stock symbol) ) today announced a $200 million 20-aircraft deal with Jetalliance at the National Business Aviation Association conference. Jetalliance, an aircraft management and charter company, based in Vienna, Austria, placed an order for two Citation X, seven Sovereign, four XLS (filename extension) xls - Excel spreadsheet. , five CJ2+ and two CJ3 aircraft. The aircraft will be used in Jetalliance's operations to expand its reach into Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . Deliveries are scheduled to begin in 2006. "We believe these will give us a competitive advantage in Europe, particularly as we expand into Eastern Europe," said Alexander Vagacs, chief operative officer of Jetalliance. "We have had outstanding reliability, performance and range with our current fleet of Citations, and look forward to leveraging our capability with these additional aircraft." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cessna's senior vice president, sales and marketing, Roger Whyte, "With this order, Jetalliance, with a home base in Vienna, the crossroads between Eastern and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). , will be able to serve the exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. of business aviation in that region. Cessnas have been the most popular business jets in Western Europe for many years. This order insures that Citations will lead the growth of business aviation in Eastern Europe." These aircraft will be added to Jetalliance's current fleet of 37 aircraft, including 20 Citations. The company is one of the three largest charter operators in Europe. Based on unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. , Cessna is the world's largest manufacturer of general aviation aircraft. In 2004, Cessna delivered more than 900 aircraft and reported revenues of about $2.5 billion. Since the company was originally established in 1927, more than 180,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 4,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com. Textron Inc. is a $10 billion multi-industry company with 44,000 employees in nearly 40 countries. 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion