WICHITA, Kan., Feb. 2, 2009 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today it has delivered a Citation X to Bangkok-based MJets Limited, a leader in business aviation across Southeast Asia. The Citation X joins a Citation CJ3 already in the MJets fleet and it is the second Citation X operating in Thailand.
The MJets Citation X is the first to be specifically available for charter in the country. Passengers will be able to fly non-stop from Bangkok to Beijing, Tokyo, Delhi or Dubai. The Citation X is the world’s fastest civilian aircraft and saves passengers significant time compared to scheduled airlines and other business jets.
“MJets is delighted to welcome the Citation X into its charter fleet and confident that passengers will appreciate the aircraft’s outstanding combination of cabin comfort, range and unbeatable speed. The Citation CJ3 has been a great success at MJets and there is no doubt that the Citation X will be another winner for the company,” said William Heinecke, Principal of MJets and Chairman of The Minor Group.
The Citation X is the world’s fastest civilian aircraft with a top cruising speed of 525 knots / 972 km/hr (Mach 0.92). Maximum cruising altitude is 51,000 feet / 15,545 m. Range is more than 3,070 nautical miles / 5,686 km, ideal for super fast non-stop travel around Asia. More than 300 Citation Xs are in service worldwide, with the aircraft speed capability making it a favorite with business and government leaders who place a premium on time efficiency.
Based on unit sales, Cessna Aircraft Company is the world’s largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Cessna has a backlog of $14.5 billion as of December 31, 2008. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 5,700 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.
Textron Inc. (NYSE: TXT) is a $14.2 billion multi-industry company operating in 28 countries with approximately 42,000 employees. The company leverages its global network of aircraft, defense and intelligence, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; the interruption of production at our facilities or at our suppliers’ facilities; the timing of new product launches and certifications of new aircraft products; the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; changes in aircraft delivery schedules or cancellation of orders; the launching of significant new products or programs which could result in unanticipated expenses; changes in national or international government policies on the export and import of commercial products; and bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.