Textron and NetJets announce record deal for 1,500 Citations
Textron Aviation and NetJets have a record-breaking fleet option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years.
This agreement extends NetJets’ existing agreement, and includes options to increase the number of aircraft each year, with a choice of Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft.
NetJets has also been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend. Currently under development, deliveries of the Citation Ascend are expected to begin 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 Ron Draper, president and CEO, Textron Aviation. “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.”
Since the inception of the more than 40-year relationship between the companies, NetJets has taken delivery of more than 800 aircraft from Textron Aviation.
Doug Henneberry, NetJets executive vice president, Aircraft Asset Management said: “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. 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.”