Cessna Sold Out for 2000 and 2001
Cessna closed out the third quarter with an order backlog of $6.1
billion, up from $5.3 billion at the end of 1999.
Deliveries are completely sold out for this year and for 2001,
and some models are sold out several years into the future.
"We are doing everything possible to shorten the lead time
for availability," Cessna CEO Gary Hay said here Monday.
But he said too that "an impressive number of customers have
demonstrated a willingness to wait for a new Citation."
"By the level of orders being placed, customers are continuing
to demonstrate confidence in our aircraft," said Cessna president
and COO Charlie Johnson. And Cessna, he said, is developing new
ones. "New product development is a key strategy," Johnson
said. "With the Sovereign program progressing as planned,
and the recent certification of the Citation CJ1, CJ2 and Encore,
we could not be more pleased with our lineup of current and future
products."
There are more than 3,100 Cessna Citations in service. As noted
by Johnson, the CJ1, CJ2 and Encore gained their FAA certifications
this year. A block change to the flagship Citation X will yield
more power for better range-payload performance, allowing access
to shorter-runway airports. The Citation VII is close out this
year with a total of 119 aircraft built, but will be replaced
by the Citation Excel and new, large-cabin Citation Sovereign.
Construction of the first Sovereign airframe, a static test article,
is underway. A flying prototype begins Wichita assembly in early
in 2001 with first flight now slated for late in the first quarter
of 2002. Sovereign certification is expected in late 2003, and
deliveries will start in early 2004. The aircraft will have twin
Pratt & Whitney Canada PW306C engines and Honeywell Primus
Epic avionics.
All of Cessna's Citation jet, Caravan and single engine piston
aircraft are on display at Lakefront this week.
By Rich Piellisch