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Home Business Textron launches two Cessna jets on corporate demand rebound

Textron launches two Cessna jets on corporate demand rebound

by Wanda Rich
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2021 10 11T233846Z 1 LYNXMPEH9A130 RTROPTP 4 AEROSPACE BUSINESS JETS

(Reuters) – Textron Inc on Monday launched two Cessna business jets as it looks to tap the corporate travel demand that has rebounded strongly from pandemic lows.

The jet maker said it would take orders for both the models, with deliveries for the Citation M2 Gen2 expected to begin by the end of first quarter 2022, and for the Citation XLS Gen2 by the second quarter.

The company lifted its full-year adjusted profit forecast for the second time this year in July, as business jet traffic saw a sharper post-COVID rebound than commercial flights.

(Reporting by Ruhi Soni in Bengaluru; Editing by Shailesh Kuber)

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.