Keeping my eye out for intersecting traffic, I ease the wheel left and make a nice clean turn. We’ve just left Westchester, New York, and are headed up the Hudson River toward West Point, a picturesque day trip. Only this steering wheel is actually a yoke, and we’re at an altitude of 3,500 feet (1,100 meters).
Textron Inc. Chief Executive Officer Scott Donnelly cut jobs and shrank the finance unit to steer the maker of Cessna jets and Bell helicopters through the recession. Now he’s preparing for recovery with new aircraft.
General Dynamics Corp.’s Gulfstream unit, Textron Inc.’s Cessna Aircraft and other business-jet builders are adding new models as the industry recovers from an order slump that forced output cuts of more than 40 percent.