Cessna Downgrades 2013 Delivery Forecast | Aviation International News

Cessna Downgrades 2013 Delivery Forecast

By AIN Staff • AIN Staff

April 18, 2013

Textron, parent company of Cessna Aircraft, held its first-quarter 2013 earnings call yesterday, and the news was not particularly uplifting for its Wichita-based business segment. Customers in the light jet market, who tend to be small business owners, continue to defer purchase decisions, “reflecting continued concerns about their financial outlook,” said Textron chairman and CEO Scott Donnelly. As a result, he continued, Cessna delivered 32 new jets in the first quarter, six fewer than the same quarter last year, “resulting in a segment loss in the quarter of $8 million.”

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