Cessna Announces ProAdvantage Program for Cessna Caravan Customers

OSHKOSH, Wis., Jul 23, 2012 — Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today that is has extended its industry-leading ProAdvantage programs to its current production Cessna Caravan product line, including the newly announced Cessna Grand Caravan EX.

The ProAdvantage family of programs is a managed cost of operations solution, which assists customers in managing their long-term costs for maintenance coverage. The programs offer simplified billing processes based on annual utilization. Parts are ordered directly from Cessna or a Cessna Authorized Facility and parts usage claims are filed by the customer or service facility. ProAdvantage customers may obtain Original Equipment Manufacturer (OEM) quality parts through a predictable budgeting process and may enhance the resale value of their aircraft.

Cessna's Caravan ProParts program is available as part of the ProAdvantage family of programs. The ProParts program covers all airframe system and avionics parts, including wheels, brakes, valves, motors, actuators, gauges, instruments and the propeller. It also covers scheduled and unscheduled maintenance events, all mechanical components on the airframe and the entire avionics suite. An option is also available to cover the TKS ice protection system.

"Cessna continues to be among the industry leaders in terms of parts cost and availability," said Lannie O'Bannion, Cessna business leader for the Caravan. "Extending the ProParts ProAdvantage programs to our Cessna Caravan product line provides our Caravan customers peace of mind relative to managing their direct operating costs while simplifying the billing and budgeting process."

The Caravan ProAdvantage contract is available for three years or 1,200 hours, with a minimum requirement of 100 hours per year.