Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, has announced that its sister company, Cessna Finance Corporation (CFC), has initiated a new finance program with lower rates available for Cessna´s single-engine piston and Caravan aircraft purchased in 2009.
"We are finding many people are ready to buy a new aircraft but are unsure about where to finance the purchase, so CFC initiated this program to ease their concern with a smoother process and lower rates," said John Doman, vice president, Worldwide Propeller Aircraft Sales.
"And since many of these aircraft are used for business, they may also qualify in the United States for accelerated depreciation, an option of the 2009 Federal stimulus package that is set to expire this year," Doman said. "It really is an excellent time to buy a new Cessna."
The CFC program offers new rates for the entire Cessna line of propeller aircraft: the Cessna 172, 182 and 206 high-wing pistons, the Corvalis and Corvalis TT high-performance pistons, and the 208/208B Caravan/Grand Caravan turboprops.