Cirrus Sales Up, Cessna Down
A 60-percent drop in deliveries for business jets meant a $203 million decrease in revenues for Cessna in the second quarter, compared to last year, parent company Textron reported last week. Cirrus reported income growth of 36 percent so far this year. Textron said Cessna delivered 20 new Citation jets in the second quarter, compared with 49 in the same period last year. "Business jet demand continued to be soft," said Scott Donnelly, Textron CEO, "but we believe the cost, production, and pricing actions we took are the right actions to support future growth at Cessna." CAIGA, the parent company of Cirrus, said profits from aircraft sales rose 91 percent in the first half of this year, compared to the same period last year.
Cirrus will be at EAA AirVenture with a full-scale mockup of its Vision SF50 single-engine jet. The new mockup features a completely redesigned interior with materials indicative of those available in a new Vision jet in the near future, according to the Cirrus website. The company is expanding its production capacity for the jet, and its next step will be to build conforming aircraft for further certification testing. The first conforming jet will start flight testing next year. Cessna will be showcasing their wide product line, including the newest additions: the TTx, the Turbo Skylane JT-A, and the Grand Caravan EX. Cessna will also have a Citation Mustang, a CJ4 and a Bell 407 helicopter on display.