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Cessna and CAIGA Sign Contract for Joint Venture to Assemble and Sell Citation XLS+ Business Jets in China Cessna’s Wichita, Kansas operations will provide components and parts manufacturing and sub-assemblies for aircraft to be sold by the joint venture. Joint venture operations in Zhuhai will be designed to conduct final assembly, paint, testing, interior installation, customization, flight testing and delivery of the Cessna XLS+ business jets to in-country customers. “This is an exciting opportunity for Cessna, given the tremendous growth potential of the region and our ability to bring high quality, proven aircraft that people have come to expect from Cessna,” said Scott Ernest, president and CEO. Management of the joint venture will include board members from both Cessna and CAIGA, with the general manager to be nominated by Cessna Aircraft Company and the deputy general manager to be nominated by CAIGA. “We are extremely pleased with this joint venture contract and we look forward to producing high-quality business jets for the Chinese market,” said Bill Schultz, Cessna’s senior vice president of Business Development, China. “Customers can expect rigorous testing and quality controls that are the hallmark of our reliable aircraft family.” |
This joint venture contract stems from the strategic framework agreement that Cessna entered into with CAIGA parent company, Aviation Industry Corporation of China (AVIC), in March 2012.