Latest news with #AerolíneasEjecutivas
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Textron Wins Order to Supply up to 12 Citation Jets in Mexico
Textron Inc.'s TXT business segment, Textron Aviation, recently revealed that it has signed an agreement with Aerolineas Ejecutivas, Mexico, to supply up to 12 Cessna Citation business jets. The jets will be a combination of Citation CJ3 Gen2, Citation CJ3 Gen3 and Cessna Citation Latitude jets. Four aircraft, including two Citation Latitudes and two Citation CJ3 Gen2 aircraft, are scheduled to be delivered in 2026. This order should bolster TXT's footprint in the Latin American business aviation market. Textron's Proficiency in Business Aviation Textron Aviation stands as a prominent leader in the business aviation industry, primarily through its renowned Cessna Citation series of business jets. It has the world's most versatile and comprehensive business jet portfolio, which includes the Citation M2 Gen3, Citation CJ3 Gen3, Citation CJ4 Gen3, Citation Ascend, Citation Latitude and Citation Longitude. These jets come with impressive cabin interiors that are designed with thoughtful details like flexible seating configurations, ample legroom and ambient lighting, making them even more attractive for business class travel. Such features must have been attracting airlines to select TXT's Citation jets as their preferred business aircraft, as further evidenced by the latest order win. TXT Stock's Growth Potential Steadily growing global air travel and gradually improving economic conditions of nations across the board, along with an increasing number of high-net-worth personnel, are expected to drive the growth of the business jet industry in the coming days. In line with this trend, the Mordor Intelligence firm expects the global business jet market to witness a CAGR of 3.8% during the 2025-2030 period. Such growth prospects should benefit Textron, with its Textron Aviation segment being one of the prominent business jet makers. Citation Latitude has been the world's most-delivered midsize business jet for nine consecutive years, which offers TXT a solid competitive edge in the business jet market and should enable the company to win more such orders, like the latest one, in the near future and significantly boost its future revenues. Opportunities for Other Aerospace Stocks Apart from TXT, aerospace companies that are likely to reap the benefits of the growing business jet market are as follows: The Boeing Company BA: It has been the premier manufacturer of corporate jetliners for decades. Its BBJ 787 is a large business jet featuring a composite airframe and a low cabin altitude system. Its BBJ 737 MAX is the longest-range, non-widebody business jet, which can fly 6,600 nautical miles (12,220 km) nonstop. Boeing has a long-term (three to five years) earnings growth rate of 17.9%. The Zacks Consensus Estimate for BA's 2025 sales suggests growth of 25.6%. Airbus SE EADSY: Its business unit, Airbus Corporate Jets, manufactures and markets business jet variants of the company's airliners. Its portfolio includes corporate jets like ACJ TwoTwenty, ACJneo, ACJ33neo and ACJ350. Airbus has a long-term earnings growth rate of 4%. The Zacks Consensus Estimate for EADSY's 2025 sales implies growth of 10.4%. General Dynamics Corp. GD: Its Aerospace segment is recognized as a well-known producer of business jets. Its Gulfstream G800 is the world's longest-range business aircraft, while the G700 offers the most spacious cabin in the business aviation industry. General Dynamics has a long-term earnings growth rate of 10%. The Zacks Consensus Estimate for GD's 2025 sales suggests growth of 5.8%. TXT Stock Price Movement In the past month, shares of Textron have risen 8.2% compared with the industry 's growth of 10.8%. TXT's Zacks Rank Textron currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report
Yahoo
22-05-2025
- Business
- Yahoo
Textron Inc. (TXT) Aviation Announces Fleet Order for Cessna Citation Business Jets From Mexico's ALE
On May 21, Textron Aviation, a wholly-owned subsidiary of Textron Inc. (NYSE:TXT), announced entering into a purchase agreement for up to 12 Cessna Citation business jets with Mexico's leading business aviation company, Aerolíneas Ejecutivas (ALE). The jets will include a mix of Citation CJ3 Gen2, Citation CJ3 Gen3, and Cessna Citation Latitude aircraft. ALE will operate these in its fractional ownership division, MexJet. According to Textron Inc. (NYSE:TXT)'s press release shared on Wednesday, two Citation Latitude and two Citation CJ3 Gen2 aircraft are expected to be delivered in 2026. Marcelo Moreira, Textron Inc. (NYSE:TXT) Aviation's Vice President of Sales, Latin America, stated the following on the agreement: 'Cessna Citation business jets are ideal for fractional customers seeking class-leading comfort and performance. We appreciate customers like ALE, who recognize the benefits of flying a diverse fleet of Citation jets. The operating economics of Citations, along with Textron Aviation's extensive service and support network, ensures continuous productivity and enjoyment throughout the ownership experience.' Aerolíneas Ejecutivas is a long-time Citation operator, with Citation Latitude and Citation CJ3+ jets already in its fleet. The latest order is expected to further consolidate the company's position as the leading business aviation company in Mexico. Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries by leveraging its network of aircraft, defense, finance, and industrial businesses. The stock has gained nearly 14% over the past month, driven mainly by Q1 FY25 results that topped estimates for both revenue and earnings. On May 20, Textron Inc. (NYSE:TXT)'s subsidiary, Bell, demonstrated an FLRAA virtual prototype to the U.S. Army. You can read more about the story here. While we acknowledge the potential of TXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 11 Best American Defense Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Textron Inc. (TXT) Aviation Announces Fleet Order for Cessna Citation Business Jets From Mexico's ALE
On May 21, Textron Aviation, a wholly-owned subsidiary of Textron Inc. (NYSE:TXT), announced entering into a purchase agreement for up to 12 Cessna Citation business jets with Mexico's leading business aviation company, Aerolíneas Ejecutivas (ALE). The jets will include a mix of Citation CJ3 Gen2, Citation CJ3 Gen3, and Cessna Citation Latitude aircraft. ALE will operate these in its fractional ownership division, MexJet. According to Textron Inc. (NYSE:TXT)'s press release shared on Wednesday, two Citation Latitude and two Citation CJ3 Gen2 aircraft are expected to be delivered in 2026. Marcelo Moreira, Textron Inc. (NYSE:TXT) Aviation's Vice President of Sales, Latin America, stated the following on the agreement: 'Cessna Citation business jets are ideal for fractional customers seeking class-leading comfort and performance. We appreciate customers like ALE, who recognize the benefits of flying a diverse fleet of Citation jets. The operating economics of Citations, along with Textron Aviation's extensive service and support network, ensures continuous productivity and enjoyment throughout the ownership experience.' Aerolíneas Ejecutivas is a long-time Citation operator, with Citation Latitude and Citation CJ3+ jets already in its fleet. The latest order is expected to further consolidate the company's position as the leading business aviation company in Mexico. Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries by leveraging its network of aircraft, defense, finance, and industrial businesses. The stock has gained nearly 14% over the past month, driven mainly by Q1 FY25 results that topped estimates for both revenue and earnings. On May 20, Textron Inc. (NYSE:TXT)'s subsidiary, Bell, demonstrated an FLRAA virtual prototype to the U.S. Army. You can read more about the story here. While we acknowledge the potential of TXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 11 Best American Defense Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
21-05-2025
- Business
- National Post
Textron Aviation Announces Fleet Order for up to 12 Cessna Citation Business Jets From Aerolineas Ejecutivas
Article content WICHITA, Kan. — Textron Aviation today announced it has entered into a purchase agreement with Aerolíneas Ejecutivas (ALE), Mexico's leading business aviation company, for up to 12 Cessna Citation business jets. ALE will operate the aircraft — a mix of Cessna Citation Latitude, Citation CJ3 Gen2 and Citation CJ3 Gen3 business jets — in its fractional ownership division, MexJet. ALE expects to take delivery of four aircraft, including two Citation Latitudes and two Citation CJ3 Gen2 aircraft, in 2026. Article content Article content The Cessna Citation business jets are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company. Article content 'Cessna Citation business jets are ideal for fractional customers seeking class-leading comfort and performance,' said Marcelo Moreira, vice president, Sales, Latin America. 'We appreciate customers like ALE, who recognize the benefits of flying a diverse fleet of Citation jets. The operating economics of Citations, along with Textron Aviation's extensive service and support network, ensures continuous productivity and enjoyment throughout the ownership experience.' Article content This order continues ALE's position as Mexico's leading business aviation company. Mexjet's Jetcard was the first pre-paid flight hour program launched in Mexico, and the company is a longtime Citation owner and operator that currently boasts Citation Latitude and Citation CJ3+ aircraft in its fleet. 'At ALE, we will continue to prioritize the safety of all our clients,' said Arturo Ortega, president, ALE. 'Our commitment is reflected in our actions; we continue to grow, invest, and offer unparalleled service.' Article content About the Cessna Citation CJ3 Gen2 and Cessna Citation CJ3 Gen3 The Cessna Citation CJ3 Gen2 and Cessna Citation CJ3 Gen3 redefines business aviation, setting new standards in the light jet market. Designed with pilot input, the cockpit boasts a spacious 4.5 inches of extra legroom for the pilot. The Garmin G3000 avionics system features autothrottle technology and seamless connectivity for reduced workload and heightened situational awareness. Article content Passengers will appreciate the spacious and customizable cabin where they can create their ideal environment with features such as swivel seating, RGB accent lighting, USB-C power at every seat, wireless charging, executive tables and ample storage. The lavatory features CoolView skylights for natural light, an optional modern sink and vanity, and is externally serviceable for added convenience. Article content The aircraft offer standard seating for nine passengers, with an option for eight passengers with additional storage. With a maximum range of 2,040 nm (3,778 km) and a useful load of 5,530 lb (2,508 kg), the Citation CJ3 Gen2 offers excellent range, payload and superior field performance to enable pilots to achieve a variety of missions in extensive conditions. Article content Specific to the Citation CJ3 Gen3, is the inclusion of the revolutionary Garmin Emergency Autoland which offers peace of mind to the journey, for both pilots and passengers. Article content About the Cessna Citation Latitude The Citation Latitude midsize business jet, with a four-passenger range of 2,700 nm (5,000 km) at high-speed cruise, is set apart from the competition by its combination of comfort and efficiency. The aircraft's class-leading take-off field length of 3,580 feet (1,091 m) provides operators with greater range out of short fields. Inside, the Citation Latitude offers an unrivaled cabin experience featuring the most open, spacious, bright and refined cabin environment in its category. With a flat floor and six feet (1.83 m) of cabin height, innovation abounds with exceptional features designed throughout the aircraft. Article content About Textron Aviation We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. Article content About Textron Inc. 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, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: Article content 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 changes in aircraft delivery schedules or cancellations or deferrals of orders. Article content Article content Article content Article content Article content Contacts Article content Article content
