Trimmed to comply with copyright restrictions. See the rest here.Cessna Launches Light Sport Aircraft Program
Wichita, Kan., July 10, 2007 – Cessna Aircraft Company, a Textron Inc. (NYSE:TXT) company, today announced it will proceed with its Light Sport Aircraft (LSA) program and will unveil a full scale mock-up and program details at the Experimental Aircraft Association’s Air Venture in Oshkosh, Wis., later this month.
“After conducting extensive market research, it is clear to us there is a great need for this aircraft as we strive to drive down the cost of flying and learning to fly,” said Cessna Chairman, President and CEO Jack J. Pelton. “We believe this aircraft will make a major contribution to stimulating new pilot starts and will encourage already-licensed pilots to continue to fly because it will be more affordable.
“We have developed a business case that makes sense; we have incorporated several innovative features into the design; and we believe we can deliver the finest aircraft in the category, combined with our extensive customer service, flight training and distribution networks, at an attractive price,” Pelton said....