Big news out of Cessna

It seems that Cessna has been making a lot of news lately. I hear through the grapevine that Cessna will have an announcement regarding the Citation X this week at NBAA. They have already made news with the introduction of a G1000-equipped Caravan. And I just learned that Cessna has signed a letter of intent to purchase now bankrupt Columbia Aircraft Manufacturing. The acquisition of CAM by Cessna is not set in stone, though. Bidding procedures are being drawn up to allow other interested parties to submit offers in an auction to be held sometime in November. I find it quite interesting that the very manufacturer’s aircraft that graces the cover of the October AOPA Pilot magazine has declared bankruptcy. Hopefully Cessna will help Columbia rise from the ashes and become competitive once again!
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