Order for 25 Citation Business Jets
Geneva, May 23, 2007 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the European Business Aviation Convention & Exhibition (EBACE) that JetAlliance has placed an order for 25 Citation business jets valued at $280 million.
JetAlliance, based in Vienna, Austria, is the third largest charter operator in Europe and is an authorized Cessna sales representative. According to JetAlliance’s Chief Executive Officer Lukas Lichtner-Hoyer, “These aircraft will be used to further extend our reach into eastern and central Europe.”
“This order continues Cessna’s global market expansion and is further evidence that the value and performance delivered in our line of Citation business jets meets the needs of today’s leading charter operators,” said Cessna Senior Vice President of Sales & Marketing Roger Whyte.
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of almost 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
