NetJets firms up Latitude delivery schedule


Cessna Citation Latitude

NetJets has firmed up the delivery schedule for its Cessna Citation Latitude private jets.

The Berkshire Hathaway company will now take delivery of its first Latitude in July 2016.

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NetJets signed a purchase agreement with Textron Aviation in 2012 for the delivery of up to 150 Citation Latitude business jets.

The deal, including 25 firm orders and 125 options, would be worth $2.3 billion at 2012 list prices.

Deliveries of the 25 firm aircraft orders will be spread across a two year period.

NetJets Europe will receive their first aircraft in the fourth quarter of 2016.