News Releases
Cessna’s Citation Mustang Makes Public Debut at India Aviation
HYDERABAD, India, March 3, 2010 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today the Citation Mustang just completed its first customer demonstration tour throughout India on its way to make its public debut in India at India Aviation 2010 at Begumpet Airport (VOHY) in Hyderabad, India.
“There is a lot of interest in the Mustang around India and it was well received during its first tour in the area,” said Todd Duhnke, Cessna’s director of International Sales. “India is a growing market for general aviation. We believe there is potential growth in the area for the entire line of Cessna products as this region continues to embrace the advantages of general aviation,” he said.
Cessna recently rolled out the 300th Citation Mustang from its facility in Independence, Kan. It will be delivered later this year to a retail customer in Australia.
The Citation Mustang is the world’s first fully certified entry-level business jet. It was announced at the 2002 National Business Aviation Association convention and made its first flight in April 2005. The first Citation Mustang was delivered in April 2007.
Coming in at just over $3 million (2010 delivery), the Mustang features Garmin avionics, Pratt & Whitney Canada engines and boasts a range of 1,200-nautical miles.
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Cessna is the world’s leading general aviation company, based on unit sales, with five major lines of business: Citation business jets, Caravan single-engine turboprops, Cessna single-engine piston aircraft, aftermarket services and lift solutions by CitationAir. In 2009, Cessna delivered 754 aircraft, including 289 Citation business jets, and reported revenues of about $3.3 billion. Since the company was originally established in 1927, more than 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it 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 multi-industry company that leverages its global network of aircraft, defense, 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 Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellations or deferrals of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; [h] bankruptcy or other financial or performance problems at major suppliers or subcontractors that could cause disruptions in our supply chain; [i] continued difficult conditions in the financial markets resulting in adverse impacts to our customers, including difficulty in obtaining financing for the purchase of our products; and [j] continued volatility in the economy resulting in a prolonged downturn in the business jet market.





