Cessna Kills Citation Columbus and Laysoff thousands

[Whale Rider]

http://www.bloomberg.com/apps/news?pid=20601103&sid=ackYSi.p3eAo&refer=news

 

[o2bflyn]

Unfortunate, but I am not surprised.

 

[G21Agoose]

Surprised , but I am not unfortunate.

 

[HazMat]

with all the order cancellations not surprising. Once netjets cancelled pretty much everything you knew it had to have a negative impact on Cessna. Lots of folks dealing with heartache. we shouldnt forget those other aviation folks who are suffering. Hope it gets better for all soon

 

[jonjuan]

http://www.bloomberg.com/apps/news?pid=20601103&sid=ackYSi.p3eAo&refer=news

Where in here does it say they "killed it?"

“Don’t write the Columbus off your radar screen,” Chief Executive Officer Lewis Campbell said on the call. “Until we know much more about the market we’re going to be selling into, we thought it was prudent to suspend it and redirect all of our efforts to reinvest into our core products in Bell and Cessna.”

Meaning if business conditions improve, they'll probably continue with her.

 

[RNObased]

Meaning if business conditions improve, they'll probably continue with her.

That is the way I read it also.

However I'm not surprised that WR didn't read it that way also. The press release didn't say a single word about XO jet and if a press release doesn't have XO jet mentioned in it, he doesn't really read it.

 

[netjetwife]

... Lots of folks dealing with heartache. we shouldnt forget those other aviation folks who are suffering. Hope it gets better for all soon

Well said!

 

[amaineiac]

Lots of folks dealing with heartache. we shouldnt forget those other aviation folks who are suffering. Hope it gets better for all soon

Yup, it's all good because those big bad CEO (the ones that create jobs etc...) are vilified by congress, never mind the tens of thousands in KS that are financially devastated.

 

[ultrarunner]

The least of our worries are airframe decisions by manufactures!

 

[fischman]

Ironic question here.

If Cessna were to go to DC looking for a bailout, do they take a private jet or go commercial?

Perhaps a new 182?