Cessna sees Q2 revenues drop 42% on canceled orders

08/4/2009 | Weekly of Business Aviation, The

Cessna Aircraft reports that, with the number of jets delivered in the second quarter down to 84, compared with 117 in the same quarter a year ago, the company saw revenues decline 42%, or by $630 million for the quarter. Cancellations for the quarter included 74 orders that would have been for the now defunct Citation Columbus, as well as 59 orders from large fleet operators, 58 from authorized sales representatives and 52 from other customers.

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Weekly of Business Aviation, The

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