Textron's Cessna Receives $280 M Order from Europe's JetAlliance for 25 Citation Business Jets

(Geneva, May 24, 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.

The order is comprised of one CJ1+, six CJ2+, five CJ3, three XLS+, one Sovereign, two Citation X, and seven Citation Mustang aircraft. Deliveries will take place in 2009 and 2010.

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.

Source : Textron Inc.

Recent News from Textron Inc.

• Textron Revising Citation Jet Production Schedule [Aerospace] [Aviation] [ Wed 5 Nov 2008 ]
• Textron Awarded M1117 ASV Reset Phase II Program [Defence] [ Tue 4 Nov 2008 ]
• Bell Delivers 100th Commercial Helicopter to India [Aerospace] [Aviation] [ Fri 17 Oct 2008 ]
• Successful Live-Fire Testing of Shadow TUAS [Defence] [ Thu 16 Oct 2008 ]
• AAI Receives $242.1 M for Additional Shadow TUAS [Defence] [ Wed 15 Oct 2008 ]
• AAI's One System GCS Automatically Launches and Lands Sky Warrior [Defence] [ Tue 14 Oct 2008 ]
• Bell Helicopter Receives Contract for Additional H-1 Aircraft [Defence] [ Mon 13 Oct 2008 ]