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Textron bets on rebound with new Cessna

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

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.

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


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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