The deal allows NetJets the option to acquire up to a staggering 1,500 additional Cessna Citation business jets over the next 15 years, extending their existing fleet agreement.
Textron Aviation and NetJets have announced a groundbreaking fleet agreement that could reshape the private aviation landscape. The deal allows NetJets the option to acquire up to a staggering 1,500 additional Cessna Citation business jets over the next 15 years, extending their existing fleet agreement. This arrangement includes provisions for an escalating number of aircraft each year, paving the way for NetJets to expand its fleet with a variety of Citation models, including the Citation Ascend, Citation Latitude, and Citation Longitude. Additionally, NetJets will serve as the fleet launch customer for Textron Aviation’s newest jet, the Citation Ascend, with deliveries slated to commence in 2025 once the aircraft completes its development phase.
Cessna Citation business jets, renowned for their reliability, efficiency, and comfort, are designed, manufactured, and delivered by Textron Aviation Inc., a subsidiary of Textron Inc. With a history spanning over 40 years, the partnership between Textron Aviation and NetJets has seen the delivery of more than 800 aircraft to NetJets. Notably, in the past eight years alone, NetJets has exercised over 300 options for Citation Latitude and Longitude models. This enduring collaboration has consistently provided discerning customers with top-notch, safe, and reliable aviation travel experiences worldwide. NetJets’ fleet has included various Citation models, such as the Citation SII, V, Excel/XLS, Sovereign, X, Latitude, and Longitude.
Ron Draper, President and CEO of Textron Aviation, said “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. 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.”
The addition of the Citation Ascend to NetJets’ fleet is expected to provide customers with enhanced versatility and flexibility, building on the exceptional performance and popularity of the Citation Latitude and Longitude models.
The Citation series of business jets has been at the forefront of the industry, known for seamlessly combining reliability, efficiency, comfort, and advanced technology. Since Cessna delivered its inaugural Citation in 1972, it has consistently set the standard in the business jet market, often achieving the highest annual delivery numbers across the business and general aviation sector. With over 30 Citation models certified during its 50-year history, the Citation lineup offers an unmatched range of capabilities, systems, and options that allow customers to expand their business reach.
“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, Executive Vice President Aircraft Asset Management, NetJets. “Based on past demand for the popular Citation Latitude and Longitude, the new Ascend and all our new Citations will undoubtedly be well received by our Owners, particularly those who depend on NetJets to help them do more and miss less,” he further added.
The forthcoming Citation Ascend promises to introduce an entirely new cockpit, improved performance, and a more luxurious cabin to the midsize business jet market. Preliminary performance targets indicate a four-passenger range of 1,900 nautical miles at high-speed cruise power, with an estimated maximum range of 2,100 nautical miles. The aircraft will cruise at a speed of 441 knots and have the capability to climb directly to 45,000 feet, enhancing the overall travel experience for NetJets customers.
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In conclusion, this historic fleet agreement between Textron Aviation and NetJets marks a significant step forward in the private aviation sector, with the potential to reshape the industry’s landscape over the next 15 years.
