Cessna and CAIGA Sign Contract for Joint Venture to Assemble and Sell Citation XLS+ Business Jets in China

Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company (through Textron Far East Pte. Ltd.), has entered into a joint venture contract with China Aviation Industry General Aircraft Company Ltd., (CAIGA) (through CAIGA South China Aircraft Industry Co., Ltd.), in accordance with their previously announced strategic agreement, for the formation of a joint venture company to conduct final assembly of Cessna Citation XLS+ aircraft in China for the Chinese market. As the largest general aviation company in the world, Cessna's relationship with CAIGA taps into what is expected to be the highest growth aviation market during the coming decade. Formation of the joint venture company remains subject to various government approvals and customary conditions.

Cessna's Wichita, Kansas operations will provide components and parts manufacturing and sub-assemblies for aircraft to be sold by the joint venture. Joint venture operations in Zhuhai will be designed to conduct final assembly, paint, testing, interior installation, customization, flight testing and delivery of the Cessna XLS+ business jets to in-country customers.

"This is an exciting opportunity for Cessna, given the tremendous growth potential of the region and our ability to bring high quality, proven aircraft that people have come to expect from Cessna," said Scott Ernest, president and CEO.

Management of the joint venture will include board members from both Cessna and CAIGA, with the general manager to be nominated by Cessna Aircraft Company and the deputy general manager to be nominated by CAIGA. "We are extremely pleased with this joint venture contract and we look forward to producing high-quality business jets for the Chinese market," said Bill Schultz, Cessna's senior vice president of Business Development, China. "Customers can expect rigorous testing and quality controls that are the hallmark of our reliable aircraft family."

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.

Linked image: Left: William Schultz, Cessna SVP, Business Development, China Right: Qu Jingwen, GM, AVIC CAIGA

###

About Cessna
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 billion. More information about Cessna Aircraft Company is available at cessna.com.

About Textron
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the risk that the government approvals and conditions to the joint venture's formation will not be received or will be delayed or that the joint venture's business will not be successful, the risk that Cessna will not reach agreement on the terms of any other joint ventures in China or that the timing of doing so is delayed; risks and uncertainties related to the launching of new products or programs which could result in unanticipated delays or expenses; performance issues with key suppliers, subcontractors or business partners; changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; risks and uncertainties related to establishing new facilities; and risks related to doing business internationally.

SpaceX Mars mission will fly on methane

SpaceX Mars mission will fly on methane:

Elon Musk, founder and CEO of SpaceX, says that the missions to Mars by his company will use rockets powered by methane, which can be manufactured on the Red Planet. The announcement came last as the South-African born entrepreneur was giving a lecture in November to the Royal Aeronautical Society in London, where he was presented with the Gold Medal – the society’s highest award.
..
Continue Reading SpaceX Mars mission will fly on methane

Prototype robots autonomously strip paint from aircraft using lasers

Prototype robots autonomously strip paint from aircraft using lasers:

If you think stripping paint off an end table can be a messy, time consuming job, imagine removing paint and other coatings from an aircraft like the C-130 transport plane. Tasked with developing a robotic system that would take such a chore out of the hands of maintenance personnel, Carnegie Mellon University's National Robotics Engineering Center (NREC) and Concurrent Technologies Corporation (CTC) of Johnstown, Pennsylvania, developed a team of robots that gets the job done – using laser beams, no less. ..
Continue Reading Prototype robots autonomously strip paint from aircraft using lasers

Humor: Burradas Aeronáuticas, esta vez un Tigre con 68 misiles

Un tigre con 68 misiles Mistral

http://burradasaeronauticas.blogspot.com.es/2012/11/un-tigre-con-68-misiles-mistral.html

India test fires advanced air defence interceptor missile

India test fires advanced air defence interceptor missile: Scientists from India's Defence Research and Development Organisation (DRDO) have successfully tested the endo-atmospheric interception capabilities of an interceptor missile.

Russian Air Force receives first two Su-30SM fighter jets

Russian Air Force receives first two Su-30SM fighter jets: The Russian Air Force has taken delivery of the first two Su-30SM fighter jets from Irkut at its aviation plant in Irkutsk, Russia.

Acuerdo de cooperación en Defensa entre China y Argentina

Acuerdo de cooperación en Defensa entre China y Argentina:

El memorando, suscrito con el vicepresidente de SASTIND, Liu Donkui, se enmarca dentro de lo establecido durante la visita de Puricelli a China el pasado mes de julio y promueve la compra o cesión de equipos, armamentos y accesorios; la transferencia de tecnología e información; el estudio, desarrollo y producción conjunta; el intercambio de personal; y la provisión de servicios de apoyo técnico y logístico de armamento.

Austria, dispuesta a devolver 15 Eurofighter, si se prueba la existencia de corrupción

Austria, dispuesta a devolver 15 Eurofighter, si se prueba la existencia de corrupción:



Hace dos semanas el diario alemán ‘Süddeutsche Zeitung’ publicó que las autoridades policia-les europeas habían descubierto una gran trama de corrupción en torno a la venta de 15 Euro-fighter a Austria, operación en la que supuestamente algunos políticos habrían obtenido hasta 70 millones de euros.

Ocho sentencias firmes ya han revocado las sanciones impuestas por Aena a controladores

Ocho sentencias firmes ya han revocado las sanciones impuestas por Aena a controladores:
Madrid.- Ya son ocho las sentencias firmes por las que diversos Juzgados de lo Social han revocado las sanciones impuestas durante el año 2010 por Aena a varios controladores de Santiago de Compostela, según la Unión Sindical de Cotroladores Aéreos (Usca).

Visit the 787 Dreamliner

http://www.newairplane.com/787/dreampass/

IN FOCUS: Long march ahead for Chinese naval airpower

http://www.flightglobal.com/news/articles/in-focus-long-march-ahead-for-chinese-naval-airpower-379419/

First Su-30SM Fighters Delivered to Russia

First Su-30SM Fighters Delivered to Russia: JSC Irkut Corporation (part of JSC United Aircraft Corporation) handed over the first 2 Su-30SM fighters to the Russian Air Force. The delivery-acceptance act was signed on November 22 at the Irkutsk aviation plant – branch of JSC IRKUT Corporation. Oleg Demchenko, President of JSC IRKUT...



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

QF-16 drone arrives for testing, prepares warfighters for tomorrow’s threats

QF-16 drone arrives for testing, prepares warfighters for tomorrow’s threats: The 53rd Weapons Evaluation Group marked an important milestone in continuing to prepare the warfighter for tomorrow’s threats as the first QF-16 drone arrived for developmental testing at Tyndall Air Force Base, Fla., Nov. 19. “The work done prior to today and the test work that is...



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Video: Primer apontaje del J-15, "Flanker" naval chino

Video: Primer apontaje del J-15, "Flanker" naval chino:

De un tiempo a esta parte venimos publicando periódicamente noticias sobre aviones de combate chinos. Por eso os sonará el J-15: hijo "bastardo" del Su-33 Flanker, cuando los chinos quisieron comprar a Rusia ésta dijo que no. No obstante se hicieron con un Flanker naval comprándoselo a Ucrania. Tras un poco de ingeniería inversa más la experiencia que tenían fabricando el J-11, la otra copia china del Su-27 Flanker, llegó el J-15, del que anunciamos su primer vuelo, y ahora su primer vuelo "naval", desde el "nuevo" portaaviones chino (también comprado a Ucrania y modernizado en China).

Vietnam-Suecia cooperan para fabricar aviones sin tripulante - Vietnam+

Vietnam-Suecia cooperan para fabricar aviones sin tripulante - Vietnam+:

Vietnam-Suecia cooperan para fabricar aviones sin tripulante Vietnam+ Un acuerdo de cooperación en la fabricación de naves aéreas sin tripulantes (UAV) fue firmado en Hanoi este martes entre la Asociación vietnamita Aero-espacial (VASA) y el grupo sueco Unmanned. El proyecto se ejecutará en tres fases y en la primera la ...

UAV airframe printed from polyamide - Plastics Today

UAV airframe printed from polyamide - Plastics Today:

Plastics Today

UAV airframe printed from polyamide Plastics Today An all-polyamide laser sintered unmanned aerial vehicle (UAV) comprises just five structural/aerodynamic components. The entire structure, including wings, integral control surfaces and access hatches, was fabricated on an EOS EOSINT P730 nylon laser ...

LA100 Automatic UAV Shoots Photos From Above - Ubergizmo

LA100 Automatic UAV Shoots Photos From Above - Ubergizmo:

Ubergizmo

LA100 Automatic UAV Shoots Photos From Above Ubergizmo If you are a photographer who is looking to up your game, then you might have been toying around with the idea of capturing images from different angles – and with the help of the LA100 automatic micro UAV (unmanned aerial vehicle), that is not too ... LA100 fully autonomous UAV brings aerial photography to non-flyersGizmag los 2 artículos informativos »

Brazil's Embraer eyes African jet market with Kenya office - Business Daily

Brazil's Embraer eyes African jet market with Kenya office - Business Daily:

Business Daily

Brazil's Embraer eyes African jet market with Kenya office Business Daily Though the aircraft market is dominated by Boeing and Airbus, Bombardier and Embraer have started to make inroads in the region, competing to supply single isle planes ideal for domestic and regional travel. SHARE THIS STORY. Tweet. Brazilian plane ...

Aerolínea rusa Yakutia anuncia pedido de 12 aparatos Boeing 737 - Terra Argentina

Aerolínea rusa Yakutia anuncia pedido de 12 aparatos Boeing 737 - Terra Argentina:

Aerolínea rusa Yakutia anuncia pedido de 12 aparatos Boeing 737 Terra Argentina La aerolínea regional rusa Yakutia anunció el lunes que hizo un pedido de 12 aparatos 737 para vuelos de mediano alcance a la empresa aeronáutica estadounidense Boeing, en un comunicado. Según el precio de catálogo, este pedido representa algo ...

GKN Aerospace and SAMC extend C919 partnership - Reinforced Plastics

GKN Aerospace and SAMC extend C919 partnership - Reinforced Plastics:

GKN Aerospace and SAMC extend C919 partnership Reinforced Plastics Cytec Industries Inc's Engineered Materials business has been awarded a long-term agreement to supply high-performance composite and adhesive materials for the Commercial Aircraft Corporation of China Ltd (COMAC) C919 commercial aircraft.