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Cessna Announces Special Program for Citation Mustang Customers

Written by thomas · Filed Under Aeronautics News 

November 6, 2008

thomas

Cessna Announces Special Program for Citation Mustang Customers

SAN JOSE, Calif., Nov. 6, 2008 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, is partnering with Cessna Finance Corporation on a special program for Citation Mustang buyers. These customers are eligible to lease a Cessna 400 during the time between order and delivery of their new Mustang with no purchase obligation for the Cessna 400.

“This is a great solution for Mustang customers who are waiting to take delivery yet have an immediate need for an aircraft. The Cessna 400 is the fastest fixed-gear single-engine piston on the market today, and is a natural stepping stone into the Mustang,” said Tom Aniello, Cessna’s vice president, Marketing.

Last month at the National Business Aviation Association Meeting and Convention in Orlando, Fla., Cessna announced it has an average of three Mustangs rolling off the production line each week at its Independence, Kan., manufacturing facility. At full rate, employees on the Mustang line are scheduled to deliver 150 entry-level business jets per year starting in 2009.

The current fleet of Citation Mustangs totals roughly 125 aircraft that have accumulated more than 19,000 flight hours, and the high-time aircraft has logged more than 500 hours. The Mustang is currently certified in 51 countries.

Cessna acquired certain assets of the Bend, Ore., operation in December 2007. The company has since rebranded the models and transitioned the Bend, Ore., composite aircraft facilities. Cessna expects to deliver 150 Cessna 350/400 high-performance, low-wing composite aircraft this year.

Both the Citation Mustang and Cessna 400 are on static display at Mineta San Jose International Airport during AOPA Expo 2008.

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