Textron (TXT) Aviation entered into a purchase agreement with Aerolineas Ejecutivas for up to 12 Cessna Citation business jets. ALE will operate the aircraft, a mix of Cessna Citation Latitude, Citation CJ3 Gen2 and Citation CJ3 Gen3 business jets, in its fractional ownership division, MexJet. ALE expects to take delivery of four aircraft, including two Citation Latitudes and two Citation CJ3 Gen2 aircraft, in 2026.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXT:
- Sector Spotlight: U.S. budget to include DoD spending above expectations
- Army canceling RCV program, pausing howitzer competition, Breaking Defense says
- Textron price target raised to $63 from $62 at UBS
- Jefferies aerospace & defense analysts hold analyst/industry conference call
- Positive Outlook on Textron’s Growth and Valuation Justifies Buy Rating
