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Cessna Takes 30-Citation X Order from XOJET


Atlanta.– Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the opening of the National Business Aviation Association annual meeting it has an order from XOJET for 30 Citation X business jets with a retail value of more than $600 million.

XOJET is one of the largest Citation X operators in the world. Today the XOJET’s fleet consists of 12 Citations Xs which will increase to 17 aircraft by the end of this year. The first aircraft from the new order will deliver in Q1 2008. Deliveries are scheduled to continue through Q4 2010 by which time XOJET will have 47 Citation X in their fleet.

“XOJET’s new private aviation model has brought significant innovation to the table for business aviation users. It’s great to know our Citation X jets have helped the company set a winning standard of service and performance for people who appreciate the productivity gains the aircraft provides to them,” said Cessna chairman, president and CEO Jack Pelton. “The Citation X set new standards in terms of speed, comfort and efficiency which remain unmatched even 10 years after the first delivery of the model.”

The Citation X is the world’s fastest civil jet aircraft with a top speed of Mach .92 and a range of more than 3,000 nautical miles. Later this year, Cessna will deliver its 5,000th business jet to XOJET – a Citation X put into operation at Cessna in June and on display at the NBAA static display at Fulton County Airport, Sept 25-27.

“More and more executives are flying privately 100-200+ hours a year, and these business travelers are seeking more flexible, cost-effective private jet solutions,” said Paul Touw, president and CEO of XOJET. “XOJET’s new model was built to give these customers a better way to fly, and market response to our solutions has been exceptional. Our commitment to the super-midsize jet category and the Citation X has helped fuel our rapid growth, and we look forward to introducing 30 new Citation X jets into our fleet.”

XOJET provides private jet ownership, leasing and on-demand travel solutions built especially for frequent business jet fliers.


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