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Cessna announces new plane

September 27, 2011, 04:05 pm

According to an article in the Financial Times, Cessna recently announced production of the M2, a model the company hopes will fill a niche between the popular Mustang model and the CJ2+. The M2 is similar to the Mustang, Cessna's entry-level aircraft, but features more seating and an aft lavatory.

The M2 will reportedly have a top cruising speed of 400 knots at 33,000 feet and can cruise comfortably at 41,000 feet as well - above the operating level of commercial jets - but will experience some reduction in air speed in the thinner air, according to the source. The M2 will likely have the same payload of the Mustang - 500 aggregate pounds with a full tank of fuel and a range 150 nautical miles greater than that of the Mustang.

The M2 will reportedly cost just over $4 million, compared to the Mustang, which typically costs between $3.1 and $3.2 million.

According to the U.S. Bureau of Labor Statistics, although the job outlook for pilots in the coming years is positive, opportunities for regional and independent pilots will be more prevalent than job openings for major airlines, which are likely to be highly competitive.

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