Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

Textron Aviation posted a $66 million loss and a 50 percent drop in Citation deliveries in the second quarter as the Covid-19 pandemic spurred production stoppages, slower sales activity, and delivery delays. However, Scott Donnelly—chairman, CEO, and president of parent Textron Inc.—told analysts on Thursday that he expects improved results moving forward, noting that sales activity has picked up and production has resumed.

 


Textron Aviation delivered 23 Citation jets in the second quarter, down from 46 in the same period in 2019, and 15 commercial turboprops, compared with 34 last year.

 


The segment loss marks a significant turn from the $105 million profit last year, reflecting a lower private jet volume of $178 million and a lower aftermarket volume of $120 million, more than a 30 percent decline as flight utilization plummeted. Further erasing profit was $53 million of “idle facility” costs. Backlog, meanwhile, eroded by $500 million from the end of the second half of 2019, to $1.4 billion.

 


For the first half, Textron Aviation revenues dropped to $1.62 billion, compared with $2.26 billion in the first six months of 2019. The Wichita-based manufacturer posted a $63 million loss through the first six months, compared with a $211 million profit a year earlier. Citation deliveries totaled 46 in the first six months, down from the 90 shipped in the first half of 2019. Commercial turboprop deliveries similarly fell from 78 in the first half of 2019 to 31 in the most recent period.

 


Donnelly conceded “We know we’re going to be off considerably this year, given the fact that the factories were shut for several months” and production adjustments were made. However, he said he expects improvement in results as the year progresses.

 


“The sales team is back in the field meeting with customers and arranging demonstration flights,” Donnelly said. “We saw a pick-up in business jet flight activity in the latter part of Q2, and we expect to see higher new aircraft deliveries and aftermarket revenue in the second half of the year.”

 


Most of the manufacturing operations are back up, and sales activity is picking up in particular for turboprops and light jets, he said, adding this activity has been encouraging. “There’s a lot of dialog going on,” he said.

 


He specified strong activity for the King Air 250 and Citation M2, saying interest is coming more from private businesses and high-net-worth individuals.

 


Also encouraging, Donnelly added, was increased interest in private aviation in general. “Lots of customers that have not been in the private aviation space before are inquiring and looking at using private aviation,” he said. While it might not translate into immediate sales—he noted there’s typically a progression from charter and membership programs before reaching whole aircraft sales—the interest bodes well for the future. “In the mid- to long-term, this is a very healthy thing.”

Textron Aviation Posts Loss, Delivery Drop During Covid

Textron Aviation reported a $66 million loss and 50 percent drop in Citation deliveries to 23 in the second quarter.

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