TRANSPORTATION

Textron’s Cessna signs agreement with NetJets Inc.

COURTESY CESSNA AIRCRAFT COMPANY
TEXTRON subsidiary, Cessna Aircraft Company, has signed a purchase agreement with Berkshire Hathaway subsidiary NetJets Inc.
Posted 6/12/12

PROVIDENCE – Textron subsidiary, Cessna Aircraft Co., has signed a purchase agreement with Berkshire Hathaway subsidiary NetJets Inc.

The agreement, announced Tuesday, includes delivery of up to 150 Citation Latitude business jets, with initial deliveries beginning in 2016.

“We are very excited to enhance our longstanding relationship with NetJets by producing the Citation Latitude for them and their customers,” Cessna president and CEO Scott Ernest said in prepared remarks. “The Latitude is a game-changer, not only for the Cessna line of products, but for the industry.”

First announced in 2011, the Citation Latitude has space for a crew of two, plus up to eight passengers. Cessna expects the first flight of the Latitude prototype to take place in mid-2014, with FAA certification and entry into service expected in 2015.

“This order from NetJets shows confidence in the growing strength and long-term outlook of the global economy and the aviation industry. We’re thrilled that we’ll be able to leverage our Wichita development and manufacturing expertise to build these Citation Latitudes,” said Ernest.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement