Textron sees final certification of Longitude jet in third quarter

(Reuters) - Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the third quarter of 2019, after it was delayed for several months. The company is expecting major revenue growth in 2019 from the sales of the Longitude jet and said deliveries of the aircraft would begin in the third quarter of this year. 'We continue to coordinate closely with the Federal Aviation Administration as our engineer group works to complete the underlying documentation that is required under the FAA's design assurance process,' Chief Executive Officer Scott Donnelly said

Reuters April 23, 2019 03:05:41 IST
Textron sees final certification of Longitude jet in third quarter

Textron sees final certification of Longitude jet in third quarter

(Reuters) - Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the third quarter of 2019, after it was delayed for several months.

The company is expecting major revenue growth in 2019 from the sales of the Longitude jet and said deliveries of the aircraft would begin in the third quarter of this year.

"We continue to coordinate closely with the Federal Aviation Administration as our engineer group works to complete the underlying documentation that is required under the FAA's design assurance process," Chief Executive Officer Scott Donnelly said.

(Reporting by Divya R and Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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