on july 8, 2009 cessna reported the cancellation of the program in documents filed with the securities and exchange commission. the company said "upon additional analysis of the business jet market related to this product offering, we decided to formally cancel further development of the citation columbus". cessna's parent company, textron will write-off us$43 million as a results of the cancellation. the sec-filed documents indicate that cessna spent approximately us$50 million on tooling, facilities and other costs for the project. most of these costs are unrecoverable and cannot be used for other projects.