Cessna Expects Slightly Better 2011 and Good Things To Come from Its New Matrix Organization | Aviation International News

Cessna Expects Slightly Better 2011 and Good Things To Come from Its New Matrix Organization

Like most other manufacturers in the aviation industry, the business of building, selling and supporting business aircraft continues to be a financially mi

The market for Cessna’s larger aircraft–the CitationJets, Citation XLS and Citation Sovereign–has been holding up better than the market for the entry-level Mustang.

By AIN Staff • AIN Staff

October 11, 2011

Like most other manufacturers in the aviation industry, the business of building, selling and supporting business aircraft continues to be a financially mixed bag for Cessna Aircraft, with some things better, some things worse and some things more or less stagnant.

Meanwhile, in a deliberate move to secure the Wichita, Kan.-based OEM’s future, Scott Ernest, the company’s new CEO since late May, has shaken up the corporate organization. Textron chairman and CEO Scott Donnelly, speaking during Textron’s second-quarter earnings call in July, said Ernest’s actions “should have a meaningful impact on [Cessna’s] growth and performance success going forward.” Cessna is a division of Textron.

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