Textron Aviation and US business airline NetJets have announced a historic agreement that could see the acquisition of up to 1,500 Cessna Citation business jets.
The two companies expanded an existing contract to include new Longitude, Latitude and new Ascend aircraft, which will enter service in 2025.
To measure the size of the new business, it is enough to note that NetJets has received more than 800 Textron aircraft in its 40 years of operation.
The agreement is also six times larger than the contract signed by NetJets with Embraer in April and which includes 250 Praetor jets, in a deal that exceeded US$ 5 billion.
“As a long-time, trusted ally who shares our commitment to safety and service, Textron Aviation is the ideal partner to help us expand our offerings to NetJets Owners with the introduction of the new Ascend to our midsize jet class, as well as by growing our overall fleet,” said Doug Henneberry, NetJets Executive Vice President, Aircraft Asset Management.
“We’re honored to be the largest provider of industry-leading aircraft to NetJets and look forward to continuing to work together to design and deliver the best aviation experience based on customer feedback,” said Ron Draper, president and CEO, Textron Aviation.
The last time NetJets placed an order with Textron was in 2018 when it acquired 175 Citation Longitude and 150 Citation Hemisphere, an aircraft that was cancelled.