Cessna Aircraft is talking to a large customer concerning the cancellation of about $1.1 billion of jets on order, according to a release from its parent company, Textron.
None of the aircraft were planned for delivery before the end 2012, according to a release.
The company expects cancellations in the fourth quarter will reduce backlog by about $1.7 billion. These cancellations are not expected to have a material impact on planned deliveries through 2012.
Cessna continues to talk to other customers with aircraft orders in the backlog to clarify their intentions.
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