ATP Flight School Accelerates Growth With Purchase Of 40 Additional Cessna Skyhawk Aircraft To Be Delivered Beginning In 2026
Portfolio Pulse from Benzinga Newsdesk
Textron Aviation, a Textron Inc. (NYSE:TXT) company, has announced a sale of 40 additional Cessna Skyhawk aircraft to ATP Flight School, with deliveries starting in 2026. This deal is part of ATP's goal to train 20,000 airline pilots by 2030 and marks the fourth fleet purchase in just over a year, totaling 135 Skyhawks. The Skyhawk is a key training aircraft for ATP, which is expanding its fleet by 60% over the next three years. ATP is also investing in its flight operations center in Florida to enhance safety and efficiency.
December 07, 2023 | 3:04 pm
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Textron Inc. has secured a deal with ATP Flight School for 40 additional Cessna Skyhawk aircraft, indicating continued revenue from this contract and reinforcing its position in the aviation training market.
The sale of additional aircraft to ATP Flight School is a positive development for Textron, suggesting increased future revenues and solidifying its relationship with a major flight training provider. This deal is likely to be viewed positively by investors, as it reflects both the demand for Textron's aircraft and the company's ability to secure repeat business from a key customer.
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