April 13, 2015

Textron Aviation poised for growth as Chinese business aircraft industry continues to advance

SHANGHAI, China (April 13, 2015) – Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, opens the 2015 Asian Business Aviation Convention & Exhibition (ABACE) poised for growth as the Chinese business aircraft and flight training industries continue to advance. The company’s Beechcraft and Cessna product ranges of piston, business and utility turboprop, and light and mid-size turbine aircraft align with the development of these industries and provide comprehensive air transportation solutions.

“As the Chinese aviation industry recognizes the efficiencies of aligning the right aircraft for the mission scope, business aircraft fleet growth is expanding into the light and mid-size jet categories, as well as the utilitarian turboprop category where Textron Aviation specializes,” said Bill Schultz, senior vice president, Business Development, China. “As airspace limitations are relaxed, Textron Aviation is ready to equip future pilots with industry-leading flight training aircraft such as the Cessna Skyhawk 172 and Beechcraft King Air C90GTx. The extensive Textron Aviation product mix, combined with our philosophy of building a localized, company-direct presence in China, demonstrates our commitment to providing complete life-cycle support for our customers as they grow into new segments of general aviation.”

Textron Aviation has delivered a fleet of more than 50 business jets and more than 80 turboprops, including the 29 aircraft in China in 2014. To support these aircraft, the company offers 16 product support centers for its customers in China and throughout the region.  

This week at ABACE, Textron Aviation is featuring many of its popular regional products, including the Cessna Citation XLS+ and the Cessna Grand Caravan – both now delivered to customers in China through joint ventures with China Aviation Industry General Aircraft Company Ltd. (CAIGA). In addition, the company is exhibiting a Beechcraft Bonanza G36, Beechcraft King Air C90Tx and Beechcraft King Air 350i. Textron Aviation is joined at its display at Shanghai Hongqiao Airport by corporate sister companies Bell Helicopter and TRU Simulation.

For more information about Textron Aviation, visit txtav.com.

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About Textron Aviation Inc.
Textron Aviation Inc. is the leading general aviation authority and home to the iconic Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. The Textron Aviation companies include Cessna Aircraft Company and Beechcraft Corporation, bringing together decades of unmatched experience in designing, building and supporting airplanes. It provides the most versatile and comprehensive general aviation product portfolio in the world through five principal lines of business: business jets, general aviation and special mission turboprop aircraft, high performance piston aircraft, military trainer and defense aircraft, and a complete global customer service organization. Its broad range of products include such best-selling aircraft as Citation and Hawker business jets, King Air and Caravan turboprops and T-6 military trainer aircraft, all of which are backed by the industry’s largest global service network. For more information, visit txtav.com.

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 Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information visit: www.textron.com.

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, the risk that the Chinese business aircraft and flight training industries do not advance as anticipated; changes in government regulations or policies on the export and import of commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.