Textron Inks $32B 1,500 Jet Deal with NetJets
09-20-2023, 01:04 PM
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Joined APC: Dec 2017
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Textron Inks $32B 1,500 Jet Deal with NetJets
Record breaking fleet order for up to 1,500 Cessna Citation Ascend, Latitude, and Longitude Jets over the next 15 years.
The "Ascend" is an upgraded Citation XLS+ due to enter service in 2025.
Textron Aviation Inks 1,500-jet Deal with NetJets
Textron Aviation and NetJets today announced a “record-breaking,” all-options fleet order for up to 1,500 Cessna Citation Ascend, Latitude, and Longitude twinjets over the next 15 years. This agreement—estimated by industry analyst Brian Foley to be worth approximately $32 billion—builds on an existing NetJets fleet agreement for Citation Longitudes. It also makes the Columbus, Ohio-based fractional aircraft provider the launch customer for the midsize Ascend, an upgraded Citation XLS+ variant unveiled in May at EBACE that is set to enter service in 2025.
“NetJets customers around the world continually select Citations as their aircraft of choice. 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 Textron Aviation president and CEO Ron Draper.
Over the past 40 years, NetJets has taken delivery of more than 800 Citations, including exercising more than 300 options for Citation Latitudes and Longitudes during the last eight years. Through the years, NetJets has owned and operated the Citation SII, V, Excel/XLS, Sovereign, X, Latitude, and Longitude.
The "Ascend" is an upgraded Citation XLS+ due to enter service in 2025.
Textron Aviation Inks 1,500-jet Deal with NetJets
Textron Aviation and NetJets today announced a “record-breaking,” all-options fleet order for up to 1,500 Cessna Citation Ascend, Latitude, and Longitude twinjets over the next 15 years. This agreement—estimated by industry analyst Brian Foley to be worth approximately $32 billion—builds on an existing NetJets fleet agreement for Citation Longitudes. It also makes the Columbus, Ohio-based fractional aircraft provider the launch customer for the midsize Ascend, an upgraded Citation XLS+ variant unveiled in May at EBACE that is set to enter service in 2025.
“NetJets customers around the world continually select Citations as their aircraft of choice. 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 Textron Aviation president and CEO Ron Draper.
Over the past 40 years, NetJets has taken delivery of more than 800 Citations, including exercising more than 300 options for Citation Latitudes and Longitudes during the last eight years. Through the years, NetJets has owned and operated the Citation SII, V, Excel/XLS, Sovereign, X, Latitude, and Longitude.
09-20-2023, 01:35 PM
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Originally Posted by AirBear
Record breaking fleet order for up to 1,500 Cessna Citation Ascend, Latitude, and Longitude Jets over the next 15 years.
The "Ascend" is an upgraded Citation XLS+ due to enter service in 2025.
Textron Aviation Inks 1,500-jet Deal with NetJets
Textron Aviation and NetJets today announced a “record-breaking,” all-options fleet order for up to 1,500 Cessna Citation Ascend, Latitude, and Longitude twinjets over the next 15 years. This agreement—estimated by industry analyst Brian Foley to be worth approximately $32 billion—builds on an existing NetJets fleet agreement for Citation Longitudes. It also makes the Columbus, Ohio-based fractional aircraft provider the launch customer for the midsize Ascend, an upgraded Citation XLS+ variant unveiled in May at EBACE that is set to enter service in 2025.
“NetJets customers around the world continually select Citations as their aircraft of choice. 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 Textron Aviation president and CEO Ron Draper.
Over the past 40 years, NetJets has taken delivery of more than 800 Citations, including exercising more than 300 options for Citation Latitudes and Longitudes during the last eight years. Through the years, NetJets has owned and operated the Citation SII, V, Excel/XLS, Sovereign, X, Latitude, and Longitude.
The "Ascend" is an upgraded Citation XLS+ due to enter service in 2025.
Textron Aviation Inks 1,500-jet Deal with NetJets
Textron Aviation and NetJets today announced a “record-breaking,” all-options fleet order for up to 1,500 Cessna Citation Ascend, Latitude, and Longitude twinjets over the next 15 years. This agreement—estimated by industry analyst Brian Foley to be worth approximately $32 billion—builds on an existing NetJets fleet agreement for Citation Longitudes. It also makes the Columbus, Ohio-based fractional aircraft provider the launch customer for the midsize Ascend, an upgraded Citation XLS+ variant unveiled in May at EBACE that is set to enter service in 2025.
“NetJets customers around the world continually select Citations as their aircraft of choice. 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 Textron Aviation president and CEO Ron Draper.
Over the past 40 years, NetJets has taken delivery of more than 800 Citations, including exercising more than 300 options for Citation Latitudes and Longitudes during the last eight years. Through the years, NetJets has owned and operated the Citation SII, V, Excel/XLS, Sovereign, X, Latitude, and Longitude.
Clowns...
09-20-2023, 02:18 PM
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Originally Posted by GeeWizDriver
The Ass-end is lipstick on a $17 million pig.
Clowns...
Clowns...
09-20-2023, 07:28 PM
#5
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Joined APC: Dec 2017
Position: Retired NJA & AA
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Originally Posted by David Puddy
Add this to the big Praetor order and you need to hire A LOT of experienced pilots to fill those seats - especially to replace all of the pilots leaving to the majors (2 year upgrade at Delta?). Sounds like the pilot group SHOULD have more leverage. I hope you guys get the raises you deserve considering these huge airplane orders….
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