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Business

Akanksha Bakshi

Textron Bags Order From flyExclusive For Up To 30 Cessna Citation Jets

Cessna Textron Aviation TXT Textron Inc

Textron Aviation, a Textron Inc (NYSE:TXT) company, has entered into a purchase agreement with Exclusive Jets, LLC, operating as flyExclusive, for up to 30 Cessna Citation CJ3+ jets. Financial terms were not disclosed.
flyExclusive expects to take delivery of five aircraft in 2023, with the option to buy additional aircraft for deliveries through 2025.
Cessna Citation jets are designed and manufactured by Textron Aviation.
The company operates a fleet of Cessna Citation jets, including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3, and Citation Encore aircraft models.
Price Action: TXT shares are trading lower by 0.47% at $70.54 on the last check Wednesday.

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