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Tag: Lycoming

Cirrus Aircraft Unveils TRAC Series Flight Training Aircraft

Duluth, Minn. & Knoxville, Tenn. – Cirrus Aircraft has announced the TRAC Series, a purpose-built configuration of the best-selling SR Series line of aircraft developed specifically for flight training institutions. The TRAC Series is thoughtfully crafted with reliability, durability and economy in mind to meet the rigors of high-tempo flight operations, while providing industry-leading safety and performance for both the pilot trainee and flight instructor. Combining the Perspective+TM by Garmin® flight deck along with the unrivaled performance and safety uniquely found in the SR Series, the TRAC Series includes tailored features such as rear seat push-to-talk functionality and a landing gear simulator aimed at increasing training productivity.

“Our commitment to flight training goes far beyond innovation in aircraft design to include a unique approach to attracting and training future generations of aviators,” said Zean Nielsen, CEO at Cirrus Aircraft. “The TRAC Series delivers a 21st century solution for world-class, forward-thinking flight training institutions.”

Designed to be the ultimate training platform, the technologically-advanced TRAC Series boasts an impressive list of features and capabilities that complement the aircraft’s stable flight characteristics. The integrated Perspective+ flight deck includes two large flight displays, a Flight Management System (FMS) keypad controller, an Electronic Stability and Protection system, as well as integrated engine indication and crew alerting/warning systems – all features found on today’s advanced airliners.

“Premier flight programs around the world continue to select Cirrus Aircraft for their training fleets,” said David Moser, Vice President of Fleet & Special Mission Aircraft Sales at Cirrus Aircraft. “These partnerships have been instrumental in our development of the technologically-advanced, cost-effective TRAC platform designed exclusively for leading flight academies and universities across the globe.”

Cirrus Aircraft has redesigned the interior to meet the unique needs of a high-utilization training environment, replacing the luxury materials found in the SR Series with a durable all-weather floor liner and easy to clean wear-resistant seats. The spacious cabin provides an optimal workspace to learn and train, with more space than typical training aircraft, rear seats for additional students or observers and optional air conditioning for comfort in all seasons.

The TRAC SR20 comes equipped with a modern Lycoming IO-390, 215HP power plant, providing reliability and efficiency for up to 2,400 hours before overhaul, and features a durable all-composite airframe structure with the signature Cirrus Airframe Parachute System® (CAPS®), making the TRAC Series one of the safest and most versatile training airplanes available today. The TRAC Series is further enhanced by a wide array of interactive, tailored flight training content through Cirrus ApproachTM, including online courses, engaging videos and the award-winning iFOM (interactive Flight Operations Manual) for convenient learning anywhere in the world.

With the TRAC Series, Cirrus Aircraft is poised to expand an already impressive list of world-class flight training programs around the globe that operate fleets of Cirrus aircraft, including Emirates Airline, Lufthansa Aviation Training, the United States Air Force Academy, Airbus Flight Academy, Western Michigan University, Oklahoma State University, Japan Civil Aviation College, the Royal Saudi Air Force and many more.

Textron Reviewing Strategic Alternatives for Kautex

PROVIDENCE, R.I.–(BUSINESS WIRE)– Textron Inc. (NYSE: TXT) today announced that it is reviewing strategic alternatives for its Kautex business unit, which produces fuel systems and other functional components. Textron plans to consider a range of options, including a sale, tax-free spin-off or other transaction. Kautex operates over 30 plants in 14 countries and generated over $2.3 billion in revenue in 2018.

Kautex, headquartered in Bonn, Germany, is a leading developer and manufacturer of blow-molded plastic fuel systems and advanced fuel systems for cars and light trucks, including pressurized fuel tanks for hybrid applications. The unit also develops and manufactures camera/sensor cleaning solutions for automobiles, selective catalytic reduction systems used to reduce emissions from diesel engines as well as produces cast iron engine camshafts, crankshafts and other engine components.

“Kautex is a leading Tier One supplier to global OEMs. It has a long history of product innovation, world-class operations and strong financial performance,” said Scott C. Donnelly, Textron Chairman and Chief Executive Officer. “We are exploring strategic alternatives to see how we can position Kautex to best serve its customers for ongoing success while simultaneously unlocking potential value for our shareholders.”

No decision has been made and there can be no assurance that the process will result in any transaction being announced or completed in the future. The Company has not set a definitive timetable for completion of its review of strategic alternatives and does not intend to make any further announcements related to its review unless and until its Board of Directors has approved a specific transaction or the Company otherwise determines that further disclosure is appropriate.

Textron has retained Goldman Sachs & Co. LLC as financial advisor to assist in its review.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information visit: www.textron.com