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Textron bets on rebound with new Cessna

Company investing in new products, deals as it plans for growth

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After years of sporadic product releases, Cessna is planning a steady tempo of jet rollouts. A team is drafting an aircraft to follow the Cessna Citation Latitude, a US$16.5 million model set to debut this year, and the larger Longitude slated for late 2017.

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"We really have been through the worst of this... We have to think about the future," said Mr Donnelly.

Chicago

DEVELOPMENT teams are hard at work on a new, under-the-wraps Cessna jet as parent Textron Inc bets the US luxury aviation market is finally emerging from a recession-era collapse.

Growth is back in focus at Textron, which makes Cessnas, Bell helicopters and E-Z-Go golf

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