NetJets Signs Record-Setting Deal with Textron Aviation for 1,500 Citation Jets

On Wednesday. Textron Aviation and NetJets announced the terms of a record-breaking deal between the longstanding partner companies for the purchase of up to 1,500 Citation jets. NetJets will also serve as the launch partner for the Citation Ascend, announced at the National Business Aviation Association's European Business Aviation Convention and Expo in May.

Julie Boatman

Wednesday, September 20, 2023 at 07:34 AM ET

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The massive deal between NetJets and Textron Aviation will add the yet-to-be certificated Citation Ascend along with additional Citation Latitudes and Longitudes to the private aviation operator's fleet. [Courtesy of Textron Aviation]

Key Takeaways:

Textron Aviation and NetJets announced a record-breaking deal for the purchase of up to 1,500 Citation jets over the next 15 years.
NetJets will serve as the launch partner for the new Citation Ascend, with deliveries projected to begin in 2025, in addition to Latitude and Longitude models.
This extensive agreement strengthens the more than 40-year partnership between the companies, significantly expanding NetJets' global fleet and customer offerings.

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On Wednesday, Textron Aviation and NetJets announced the terms of a record-breaking deal between the longstanding partner companies for the purchase of up to 1,500 Citation jets. NetJets will also serve as the launch partner for the Citation Ascend, which was announced at the National Business Aviation Association’s European Business Aviation Convention and Expo in May.

The fleet agreement extends over the next 15 years, with deliveries of the Ascend to begin after type certification is achieved and entry into service projected for 2025. The deal also includes the Citation Latitude and Longitude.