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...Cessna is built by aviation conglomerate Textron; Gulfstream is owned by aerospace and defence giant General Dynamics; while Brazil’s Embraer also operates in the commercial and military aircraft sectors...
...A decline in military volume weighed on Textron’s Bell division in the latest quarter....
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...Cai von Rumohr, an analyst at Cowen and Co, said the job cuts underscored tough conditions in the business jet market and the potential for a sale of its Lear jet unit to Textron, a rival manufacturer....
...Textron is the group that includes classic US aviation names such as Cessna and Beechcraft. It manufactures the long-established King Air twin turboprop that covers shorter distances....
...Textron Aviation’s special mission division employs more than 70 people....
...Hawker Beechcraft has already been a casualty and as a result fell into Textron’s grasp....
...Aerospace and defence conglomerate Textron flew higher on Wednesday on an upgrade from Citi as Wall Street rebounded from a weak start to September....
...Scott Donnelly, chief executive of Textron, Cessna’s parent, told investors during the third-quarter earnings call that he was “reasonably happy” with the US market for business jets....
...Hawker Beechcraft’s fall from grace was complete in 2014 when was it bought by Textron, Cessna’s parent....
Possible move comes after European aerospace group loses $2bn helicopter contract to rival
...CitationAir, the fractional ownership operation of Cessna, the aircraft manufacturer that is part of Textron, ceased all operations on October 31 last year, owing to tough market conditions....
...Textron’s Cessna nevertheless is closing the gap in deliveries, while General Dynamics’ Gulfstream looks set to narrow its sales revenue lead....
...Sikorsky’s main rivals in supplying the US military are Boeing, manufacturer of Chinook heavy lift helicopters, and Textron, whose Bell Helicopter unit supplies the UH-1Y — the latest version of the “Huey...
...Now Texas-based Bell, owned by Textron which has fixed-wing manufacturers Cessna and Beechcraft under its Textron Aviation banner, has some work to do in the commercial field, especially in Europe, to fight...
Upcoming projects aim at maximising existing technologies rather than radically new concepts
Manufacturers’ problems proving that printed products are safe is delaying wider adoption
...Textron Aviation, Cessna’s parent has announced that the aircraft would have a 2,700 nautical mile range – 200 miles more than expected – and be able to use shorter runways than expected....
...Kriya Shortt, head of sales and marketing for Textron Aviation, insists the mid-market has been resilient. “The market as a whole continues to be very good....
...For Textron, Beechcraft will further extend the range of aircraft it can offer customers....
...Shares in Textron, the maker of Cessna aircraft, rose 14.5 per cent on the day the FT reported it was buying rival jet maker Beechcraft....
...Wheels Up was launched in the US less than a year ago and announced a huge order for up to 105 King Air 350i turboprop aircraft, made by what is now Textron Aviation, worth up to $1.4bn....
...Equally important, resurgence at Cessna has been long awaited, and is a key part of any bullish long-term view of Textron....
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