PARIS – NetJets, the world’s leading fractional ownership corporate jet company, took the occasion of the Paris Air Show to announce that it has placed an order for 96 Cessna Citation business jets worth more than $1 billion.
The order – for 50 Encore+, 37 XLS+ and 9 X models – builds on the company’s existing inventory of 304 Citation business jets.
“The dispatch reliability and quality of service provided by Cessna Citations have helped make our business successful,” NetJets Chairman and CEO Richard Santulli said.
Cessna Aircraft Co. – a division of Providence-based Textron Inc. – is the world’s largest manufacturer of general aviation airplanes, based on unit sales. Last year, it delivered 1,239 aircraft and had revenue of $4.2 billion, as well as an order backlog of $8.5 billion, according to the company.
More than 5,000 Citations are in operation today, making it the largest fleet of business jets in the world.
“Our multifaceted Citation line of business jets provides [NetJets] with options to satisfy a great range of customers,” said Jack Pelton, Cessna’s chairman, president and CEO.
Cessna Aircraft Co. (www.cessna.com) is a division of Providence-based Textron Inc., an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. More information is available at www.textron.com.
NetJets Inc. is a wholly owned subsidiary of Berkshire Hathaway Inc. With a fleet of more than 670 private jets, it manages more aircraft than all other fractional aircraft companies combined. More information is available at www.netjets.com.
