Textron Tightens Belt: Cessna Delays Columbus, Plans Furloughs
Cessna has announced it will delay development of its Citation Columbus — the jet CEO Jack Pelton in October said “will create a billion dollars of revenue annually” — and that more furloughs are coming. The company is investing $780 million in development of the 488-kt. luxury business jet, that can carry eight people 4,000 […]