May 22, 2017

Waves Technologies selects Cessna Grand Caravan EX to launch new UK-based air taxi service

GENEVA (May 22, 2017) – Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced during the 2017 European Business Aviation Convention and Exhibition (EBACE) it has secured an order from Waves Technologies Ltd for a Cessna Grand Caravan EX utility turboprop. The aircraft is expected to deliver in the coming months and will support the launch of Waves’ new on-demand, user-driven air taxi service for the U.K. Channel Islands.

 

“We are thrilled Waves has chosen the robust Grand Caravan EX platform to launch this exciting new air taxi service,” said Tom Perry, vice president of Sales, Europe. “We are confident that the Grand Caravan EX will provide Waves and its customers a dependable and comfortable experience with the aircraft’s ability to land on short runways, carry high payloads and take on nearly any mission with efficiency and simplicity.”

 

Waves Technologies Ltd is redefining the air taxi service with innovative technologies and customer-driven insight. The Guernsey-based flight service is set to launch in August and will fly customers to and from the Channel Islands using a state-of-the-art reservation system that will allow customers to reserve flights in real time based on user demand. The Grand Caravan EX will be the company’s primary air taxi platform, providing Waves with a class-leading turboprop platform unmatched in the segment.

 

"We are very excited to be working closely with Textron Aviation,” said Waves CEO Nick Magliocchetti. “The support and encouragement has been priceless. The Grand Caravan EX is the perfect choice for our inter island air taxi service and the positive feedback it has received during our demos across the islands has been outstanding. We look forward to a long and prosperous relationship together.”

 

The recent passage of the European Aviation Safety Agency (EASA) commercial air transport (CAT) single-engine turboprop (SET) instrument meteorological conditions (IMC) regulation plays a vital role in opening up operations for companies like Waves to utilize the Cessna Caravan platform to drive their business forward.

 

About the Cessna Grand Caravan EX

The Cessna Caravan fleet of more than 2,500 aircraft is certified in 100 countries with more than 13 million flight hours amassed since the aircraft was introduced. Caravans fulfill roles for multiple missions, ranging from flight training to recreation, commuter airlines to VIP transport, cargo carriers and humanitarian missions. The Grand Caravan EX was engineered for challenging missions, high payloads and short, rough runways, while providing single-engine economy and simplicity.

 

Image:

Left to right: Barrie Baxter, Nick Magliocchetti, Matt Bisson (Waves Technologies Ltd); Steve McKenna (Textron Aviation)

 

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About Textron Aviation Inc.

Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. For more than 90 years, the Textron Aviation brands have represented unrivaled innovation, performance and leadership in the industry, offering an unmatched value proposition rooted in the total ownership experience. Leveraging unparalleled speed-to-market, Textron Aviation provides the most versatile and comprehensive business and 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. Textron Aviation has delivered more than 250,000 aircraft in over 143 countries. Its broad range of products include such best-selling aircraft as Citation business jets, King Air and Caravan turboprops and T-6 military trainer aircraft, all of which are backed by the industry’s most capable 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, Textron Off Road, Textron Systems, and TRU Simulation + Training. 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, changes in aircraft delivery schedules or cancellations or deferrals of orders.