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Textron finalizes purchase of European electric-powered aircraft manufacturer

Economy 04/18/2022

PROVIDENCE – Manufacturing conglomerate Textron Inc. on Monday announced it has closed its acquisition of European electric-powered aircraft manufacturer Pipistrel for approximately $235 million. Pipistrel,...

TEXTRON AVIATION has entered into an agreement to provide up to 325 aircraft to NetJets, a private aviation company. Above, the Cessna Citation Longitude, one of the planes that Textron will provide to NetJets. / COURTESY TEXTRON INC.

Textron reaches agreement to sell NetJets up to 325 aircraft

Technology 10/15/2018

PROVIDENCE – Textron Inc. has reached a deal to sell up to 325 aircraft over the next 10 to 15 years to NetJets Inc.,...

SALES OF NEW PRIVATE JETS increasing as inventory in the used private-jet market is tightening. Above, the Cessna Citation Latitude business jet. /BLOOMBERG FILE PHOTO/ORE HUIYING

At $9.7M a pop, private jets are luring buyers again

Economic Activity 06/19/2018

NEW YORK - If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap...

TEXTRON AVIATION announced the creation of the Cessna SkyCourrier 408, a twin-engine plane that will be sold in a cargo variant to FedEx Express. / COURTESY TEXTRON AVIATION

Textron announces new twin-engine plane, FedEx purchases

Capital Goods 11/28/2017

PROVIDENCE – Textron Aviation Inc. announced Tuesday the creation of a new twin-engine turboprop airplane called the Cessna SkyCourier 408. While the plane can be...

Sales for private jets have been slowed by global uncertainty and an expansion of available options in the market. Above, a Citation Sovereign + from the Cessna branch of Textron. / COURTESY TEXTRON

Business-jet sales struggle for lift amid Brexit, U.S. woes

Capital Goods 05/22/2017

NEW YORK - Selling aircraft to the world’s elite is set to remain a struggle as concerns about the fallout from Brexit and political...

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