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Wichita, Kan., December 21, 2006 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, has named John Newton vice president of Used Aircraft, effective January 2, 2007. Newton, currently senior vice president at Textron Financial Aviation Finance, will be based at Cessna’s headquarters in Wichita, Kan., and will report to Mike Luethye, vice president of Citation Sales.
Newton’s career with Cessna began in the late 1970s as a field based sales manager for Cessna Finance Corp. From 1986 to1992, Newton worked as vice president of aircraft lending and leasing activities for American National Bank. He returned to Cessna Finance in 1992 as vice president of Operations. Newton was later promoted to senior vice president of all Domestic Sales and Marketing activities for CFC.
Newton was one of the original industry members of the National Aircraft Resale Association (NARA) and has chaired their special projects committee since 2003. He has also been a long time member and director of the National Aircraft Finance Association, serving as its president for two terms.
In addition to his extensive industry experience, Newton is a Senior Accredited Aircraft Appraiser, a certified Airframe & Power Plant (A&P) mechanic and an active licensed pilot. He holds a B.S. degree in Aeronautical Flight Operations from San Jose State University.
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Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2005, Cessna delivered 1,157 aircraft and reported revenues of about $3.5 billion. Since the company was originally established in 1927, more than 187,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 4,500 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
Textron Inc. is a $10 billion multi-industry company operating in 33 countries with approximately 37,000 employees. The company leverages its global network of aircraft, 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 Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.
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