WICHITA, Kan., Feb. 12, 2009 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today the “No Worries” pre-owned Citation sales program for U.S. and international retail customers.
Customers who purchase an eligible pre-owned Citation from Cessna through July 2 will have an option that provides a guaranteed repurchase or trade-in price. The aircraft will also be enrolled in Cessna’s top-rated customer support system with access to the company’s global network of company-owned or company-authorized service and support centers.
“This is an excellent opportunity for our customers to acquire an aircraft to meet their immediate needs and provide them peace of mind about the future value of their acquisition,” said John Newton, Cessna vice president of Citation Used Aircraft. “Cessnas have always held exceptional value in the marketplace, but with this opportunity, a customer gets the benefit of increased productivity that comes with a business jet and ‘No Worries’ about its value.”
Additional program details are available online at www.cessna.com/preownedcitations or by calling (316) 517-8300.
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. 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.