This joint venture contract stems from the strategic
framework agreement that Cessna entered into with CAIGA
parent company, Aviation Industry Corporation of China
(AVIC), in March 2012.
Cessna is the world's
leading general aviation company. Since its inception in
1927, Cessna has designed, produced and delivered more
than 193,500 airplanes around the globe. This includes
more than 6,300 Citation business jets, making it the
largest fleet of business jets in the world.
Today, Cessna has two principal lines of business:
aircraft sales and aftermarket services. Aircraft
sales include Citation business jets, Caravan
single-engine utility turboprops, single-engine
piston aircraft and lift solutions by CitationAir.
Aftermarket services include parts, maintenance,
inspection and repair services. In 2011, Cessna
delivered 689 aircraft, including 183 Citation
business jets, and reported revenues of $2.990