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Textron launches two Cessna jets on corporate demand rebound

Stock Markets48 minutes ago (Oct 11, 2021 07:40PM ET)

(C) Reuters. A handout photo shows the new Textron Cessna M2 and XLS+ Gen 2 jets in Wichita, Kansas, U.S., August 25, 2021. Picture taken August 25, 2021. Chad Slattery/Handout via REUTERS/Files

(Reuters) – Textron Inc (NYSE:TXT) on Monday launched two Cessna business jets as it looks to tap the corporate travel demand that has rebounded strongly from pandemic lows.

The jet maker said it would take orders for both the models, with deliveries for the Citation M2 Gen2 expected to begin by the end of first quarter 2022, and for the Citation XLS Gen2 by the second quarter.

The company lifted its full-year adjusted profit forecast for the second time this year in July, as business jet traffic saw a sharper post-COVID rebound than commercial flights.

Textron launches two Cessna jets on corporate demand rebound

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