Cessna has not yet detailed its deliveries – that will come during Textron’s fourth-quarter financial release on Jan. 23 – but analyst J.P.Morgan lowered its estimates for the manufacturer. J.P.Morgan had forecast 65 fourth-quarter Cessna business jet deliveries, but says it now expects that number to be closer to 40.
Cessna officials had originally hoped for a double-digit improvement in sales in 2012, but revised those expectations after sales slowed in the second half. The company delivered 183 jets in 2011 and 179 in 2010. It would need to deliver at least 55 jets to stay on pace with 2011.
Hawker Beechcraft, meanwhile, last year announced plans to halt and/or sell off its jet products and was winding down the last of the production and completion work early in the fourth quarter.
Gulfstream, however, is expected to show increases in deliveries as it continued to ramp up deliveries of green G650s and began deliveries of its new G280.
The General Aviation Manufacturers Association is expected to release the yearend totals industry-wide next month during its annual industry review.