Atlanta, September 24, 2007 – Jack J. Pelton, chairman, president and CEO of Cessna Aircraft Company, said today that the unprecedented strength of the business aircraft market is creating a firm foundation for the company’s rapid growth.
‘Last year, we delivered 307 business jets. This year we expect to deliver 380. Next year, we plan to deliver 470,” said Pelton, who is attending the 2007 National Business Aviation Association Meeting and Convention Sept. 25-27 in Atlanta. “This extraordinary rate of growth is being driven by strong economies and corporate profits and a rapidly-emerging global marketplace. Clearly, our strategy of having the broadest, most comprehensive product line in the industry is serving us well.”
Cessna currently produces eight different models of business jets, along with six models of single engine piston aircraft and three versions of the single engine turboprop Caravan. Pelton said the total backlog as of August 31 is the highest in the company’s history – more than $11 billion representing roughly 2,700 units, half of which are business jets. During 2007, as of August 31, Cessna has booked orders for 525 business jets, compared to 496 business jet orders booked in all of 2006.