Cessna NGP

October 21, 2013 - 10:30pm

Cessna Aircraft painted a picture of its mixed fortunes at its NBAA press conference yesterday, with CEO Scott Ernest saying the company was making good progress on its marquis development programs–the new Citation Latitude and Longitude–while acknowledging problems with single-engine piston products, and continuing quarterly financial losses.

July 30, 2013 - 8:02am

Cessna Aircraft’s single-engine line is likely to experience price hikes as the company seeks to improve profit margins on all of its aircraft, even as sales of some models slump. That was the word from Cessna vice president Jodi Noah here at EAA AirVenture Monday. “We will be pursuing price increases on a few of the different products primarily because we want to be able to offer the different products in our line-up.

October 11, 2011 - 1:20am
Cessna_Witchita OEM expects delivery boost

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.

July 1, 2011 - 6:40am

While Cessna Aircraft’s new CEO, Scott Ernest, may not be ready to sit down for wide-ranging interviews with outside media yet, he did indicate what his priorities are during a brief Q&A he gave for its internal newsletter, the Cessnan, just two days after he joined the company on May 31.

June 1, 2011 - 5:15am

Following what was described on May 2 as the retirement of 52-year-old Cessna chairman, president and CEO Jack Pelton, Textron chairman and CEO Scott Donnelly headed to Wichita to take charge of day-to-day operations at the 84-year-old aircraft manufacturer. At press time, Textron had not named a permanent replacement to take the helm at Cessna.

May 31, 2011 - 8:27am

Textron announced today that it has named Scott Ernest president and CEO of its Cessna Aircraft subsidiary.

May 2, 2011 - 3:30am

Cessna’s first-quarter revenues of $556 million were up by $123 million from the same period a year ago, but the Textron division still managed to sustain a larger operating loss–$38 million versus $24 million last year.

April 21, 2011 - 10:45am

Cessna’s first-quarter revenues of $556 million were up by $123 million from the same period a year ago, but the Textron division still managed to sustain a larger operating loss–$38 million versus $24 million last year.

September 28, 2010 - 10:11am

Just three days after union production-line workers at Cessna Aircraft were forced by default to accept a new contract (see article on page 10), the Wichita-based manufacturer announced on September 21 that it is again reducing Citation production and, as a result, will lay off 700 more employees. Parent company Textron cited “continued weakness in new aircraft orders” as the reason for the action.

September 21, 2010 - 11:40am

Just days after union production-line workers at Cessna Aircraft were forced by default to accept a new contract, the Wichita-based aircraft manufacturer announced this morning that it is again scaling back Citation business jet production and, as a result, will lay off 700 more employees.

 
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