NetJets and Textron break records

The bizav market headlines were dominated on 20 September by the announcement by fractional specialist NetJets and OEM Textron Aviation of an all-option fleet order for up to 1,500 Cessna Citation twinjets for delivery over the next 15 years. The value of the deal, which has been conservatively valued at some USD32 billion, cements the close relationship between the two industry heavyweights. NetJets has already taken delivery of some 800 Citations over the years. The order will be made up of Citation Latitude and Longitude. It will also include the smaller Ascend, an upgraded version of the Citation XLS+ that was unveiled at this year’s EBACE for service entry in 2025. The agreement to take the Ascend makes NetJets the first fleet operator of the new variant.

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