Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Textron, parent company of Cessna Aircraft and Bell Helicopter, reported a third-quarter loss. Revenues were $2.5 billion, down 2.7 percent year-over-year, primarily due to lower business jet deliveries at Cessna, where revenues decreased $290 million in the quarter from a year ago, reflecting lower new aircraft sales. The Wichita aircraft maker delivered 26 jets, down from the 68 shipped in the same period last year. Segment profit decreased $63 million, while backlog ended the third quarter at $3.4 billion, down $321 million from the end of the second quarter. At Bell, revenues increased $197 million in the third quarter from last year, thanks mostly to military helicopter deliveries and, to a lesser extent, civil helicopter shipments. Segment profit at Bell increased $28 million, but backlog decreased $537 million from the end of the second quarter to $6.5 billion.

Textron Cites Loss as Deliveries Slump

Textron, parent company of Cessna Aircraft and Bell Helicopter, reported  a third-quarter loss.

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