City Leaders Approve Bond Issues For Bombardier, Cessna

By: Associated Press
By: Associated Press

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Wednesday, July 4, 2012

Two of Wichita's largest plane makers have gotten a boost from city leaders for their plans to diversify products and expand their operations.

The Wichita City Council approved on a 6-0 vote bond issues Tuesday for Bombardier Learjet and Cessna Aircraft.

Bombardier Learjet had sought up to $5.9 million in industrial revenue bonds to help finance capital investments. Its $52.7 million expansion features a flight test center, a center for engineering and information technology, as well as new facilities for paint and a new delivery center.

The expansion makes room for the Learjet 85 and is expected to bring 450 jobs to Wichita.

Cessna had sought the reinstatement of a 2006 letter of intent that has an unused balance of more than $521 million.


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