Cessna Aircraft Company revealed at a press conference details of the recently announced large cabin, intercontinental aircraft, the Model 850 Citation Columbus. Cessna was given the go-ahead for the program by the Textron board of directors on Jan. 23.
The Citation Columbus is designed for intercontinental travel with a target range of 4,000 nautical miles (7,408 kilometers) at Mach .80 carrying eight passengers. Joining Cessna on the program are Pratt & Whitney Canada, a United Technologies company, with its new PW810 engine and Rockwell Collins (NYSE: COL), supplying its Pro Line Fusion™ advanced avionics system. Cessna has reached an agreement in principle with Spirit AeroSystems (NYSE: SPR) to produce the fuselage and empennage. Details will be finalized in the coming weeks.
The initial price estimate for the Citation Columbus is $ 27 million in 2008 U.S. dollars. Cessna plans to achieve Federal Aviation Administration certification by the end of 2013, with deliveries beginning in 2014.