Cessna has again cut back production of its light jets including the Mustang, CJ2, CJ3 and CJ4, potentially by up to 30 percent, citing a first-quarter loss and weak sales. In June of 2010, the company briefly stalled production of the Citation Mustang, largely as a result of issues in the supply chain. At the time the company also said sales had been softer than expected. This time, the company is entering the second quarter fresh off an $8 million loss suffered in the first quarter. The Wichita Eagle reported that during a conference call with analysts, Wednesday, Textron CEO Scott Donnelly speculated that small business owners were putting off purchases due to concerns over higher taxes and uncertainty about the direction of the economy. But there were additional complications in the small business jet market.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/cessna-light-jet-production-stalls