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Upgrades for Cessna Business Aircraft May Qualify for Bonus Depreciation

Written by thomas · Filed Under Aeronautics News 

March 4, 2009

thomas

WICHITA, Kan., March 4, 2009 – Officials in Cessna Aircraft Company’s Customer Service organization said today enhancements made to Cessna business aircraft in 2009 may qualify for the new bonus depreciation tax treatment included in the recent federal stimulus legislation, depending on the tax accounting treatment a company uses for the upgrade. Cessna is a Textron Inc. (NYSE: TXT) company.

“This is a good time to consider enhancements to your Citation, such as a glass cockpit, productivity features in the cabin, upgraded operational or navigational systems,” said Mark Paolucci, senior vice president, Cessna Customer Service. “As long as the upgrade adds value to the aircraft or increases the life of the aircraft, it may qualify for favorable bonus depreciation tax treatment in 2009.*”

Paolucci said Cessna already offers a number of value-adding upgrades for Citations such as communications upgrades, avionics upgrades, TCAS and radar upgrades, enhanced instrumentation, RVSM, WAAS/FMS updates, interior upgrades, and new paint.

“Cessna knows the personality of your airplane better than anyone, which means we can better advise you about the systems or upgrades we offer that will enhance the safety and operation of the aircraft. As a result of the current business climate, utilization is lower which makes now the perfect time to schedule major upgrades – less disruption to operations,” Paolucci said. The upgrades must be installed on the aircraft before December 31, 2009 to qualify.

Cessna owns or operates nine Citation Service Centers in the U.S. and Europe, including the newest center in Mesa, Ariz. For more information on available aircraft modifications, contact a Cessna representative at 888-85-SERVICE (888-857-3784).

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