Kansas Clears Way For Cessna Bonds

By: AP
By: AP

TOPEKA, Kan. (AP) _ Gov. Kathleen Sebelius and legislative leaders have cleared the way for the state to issue $33 million in bonds for Cessna Aircraft Co.

The aircraft manufacturer plans to expand its Wichita-area facilities to produce its new Citation Columbus business jet and expects to add more than 1,000 jobs.

The Legislature enacted a law this year to allow the bonds, but it required an agreement between the Department of Commerce and the aircraft manufacturer.

That agreement, signed by Commerce Secretary Dave Kerr and Cessna Chief Executive Officer Jack Pelton, commits Cessna to investing at least $776 million in Kansas.

The State Finance Council unanimously approved the agreement Tuesday. The council is the governor and top legislative leaders.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 28093679