After the purchase of Columbia Aircraft company in 2007, Cessna sold a total of 323 advance high performance composite aircraft. The planes had a number of names during that time: Cessna 400, Corvalis TTx, Cessna TTX, Cessna TTx, and Cessna 350, Corvalis 350.
Only 23 planes were shipped in 2017. Slow sales stalled out cash flow.
This year, Textron confirmed production termination of the Cessna TTx turbo. The stoppage occurred after a decade long run up attempt. The normally aspirated Cessna 350 ceased production in 2013.
Textron has confirmed production termination of the Cessna TTx. The stoppage occurred after a decade long run up attempt. Only 23 planes were shipped in 2017. Slow sales stalled out cash flow.
The beginning of the end struck in 2006, when a hailstorm damaged 60 airplanes on the factory ramp in Bend Oregon. The weather related impairment sealed Columbia Aircraft’s departure – they filed for bankruptcy. Why were so many planes awaiting customer delivery? Cessna purchased the design in 2007. Continue reading “A hailstorm of mismanagement downs a good airplane”→