TEXTRON AND NETJETS SIGN RECORD-BREAKING FLEET AGREEMENT

Textron Aviation and NetJets have announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citations over the next 15 years.

The agreement extends NetJets’ existing fleet agreement and includes options for an increasing number of aircraft each year. This will enable NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Also, NetJets has been named as the fleet launch customer for Textron’s Citation Ascend.

“NetJets customers around the world continually select Citations as their aircraft of choice. We’re honoured 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. “Expanding and adding the Citation Ascend to the NetJets fleet will provide its global customers with even more versatility and flexibility to accomplish their missions, building upon the exceptional performance and popularity of the Latitude and Longitude.”

Doug Henneberry, NetJets Executive Vice President, Aircraft Asset Management, concludes: “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.”