NBAA: Cessna Announces Two New Aircraft

ORLANDO, Fla., Sept. 10, 2002 -- Cessna announced that it is introducing two new business jets today at the National Business Aviation Association conference in Orlando, FL. These two new aircraft underscore Cessna's technological and market leadership and reinforce the company's focus on organic growth.

Building upon the success of the Citation family, Cessna is announcing the Citation CJ3, which incorporates the most popular features of the CJ2 and offers greater speed, range and comfort than any of its predecessors.

In addition, the company is unveiling an all-new entry-level jet designed to fill a major void in the turbine aircraft market. Named the Mustang, this aircraft has two turbofan engines and provides more speed, range and altitude capability than currently offered by any single or multi-engine piston or turboprop aircraft available today.

MORE ABOUT THE CITATION CJ3

The CJ3 is priced at $5,795,000. The first flight of the prototype is anticipated in the second quarter of 2003, with type certification in the second quarter 2004. First customer deliveries are expected in the third quarter 2004.

The dual channel Williams International FJ44-3A engines utilize next-generation component aerodynamics and provide 2,780 pounds of thrust -- 14% more takeoff thrust and 12% more cruise thrust than the engines used in the CJ2.

Designed for single pilot operation, the CJ3's maximum cruise speed is 417 knots at 33,000 feet. The Collins Pro Line 21 avionics system encompasses the same features as the CJ2, while integrating many additional features. Cessna has included the Co-Pilot's Primary Flight Display with second air data computer as standard equipment. Other integrated avionics features include a file server system with cursor control panel and enhanced map overlays, among others.

Passengers of the CJ3 will have additional comfort due to the 24-inch length increase in the passenger cabin. Standard seating is in a six-seat, center-club configuration. Other new interior features include LED indirect cabin lighting and dropped aisle lights; as well as a standard forward refreshment center, with a 10-inch wider work surface than the CJ2.

MORE ABOUT THE CITATION MUSTANG

The Citation Mustang will offer customers the same renowned quality, safety, value and support that have been the foundation of the Citation program.

Priced at $2,295,000, the Citation Mustang is $1.5 million less than the lowest-priced business jet on the market today and is an affordable upgrade for more than 12,000 individuals and companies that operate cabin class piston twins and turboprops. Cessna anticipates type certification in mid-2006 with first customer deliveries in the fourth quarter 2006.

The Mustang offers a cruise speed of 340 knots and maximum operating altitude of 41,000 feet. It will incorporate a leading-edge avionics system that includes large displays, FMS and situational awareness. The Mustang's fuselage encompasses a comfortable 300 cubic feet interior that will accommodate two pilots and four passengers in a club configuration, as well as generous external baggage capacity.

A preferential price and preferred delivery position has been announced for agreements signed by December 31, 2002. The Mustang's engine and avionics manufacturer have not yet been announced.