Fly Alliance has entered a purchase agreement with Textron Aviation to buy up to 20 Cessna Citation business jets. [Courtesy: Cessna]
Key Takeaways:
Fly Alliance, an Orlando-based Part 135 charter company, has signed a purchase agreement with Textron Aviation for up to 20 Cessna Citation XLS Gen2 business jets.
The agreement includes 4 firm orders and options for an additional 16 aircraft, marking Fly Alliance's first entry into the Citation fleet.
This acquisition aims to expand Fly Alliance's product offerings and supports their strategic goal to grow their fleet to 100 aircraft in the coming years.
The Cessna Citation XLS Gen2 is Textron's latest update to its popular midsize jet, featuring comfort and productivity upgrades, and has recently achieved FAA certification and begun deliveries.
Fly Alliance, an Orlando-based on-demand and jet card Part 135 charter company, has entered a purchase agreement with Textron Aviation (NYSE: TXT) for up to 20 Cessna Citation business jets.
Four of the aircraft included in the agreement are firm orders, with options to buy another 16 aircraft.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
