Bizjet Manufacturers Continue To Rack Up Sales

AINalerts » June 24, 2008
June 24, 2008, 11:32 AM

Defying the sluggish U.S. economy, three business jet manufacturers on Friday separately announced fleet orders worth as much as a combined $3.5 billion. Fractional provider NetJets was the biggest shopper on the block that day, placing a firm order for $1.9 billion worth of Gulfstream G450s and G550s that will “significantly expand” its large-cabin fleet. Under the agreement, NetJets will take delivery of 20 G450s and 20 G550s between 2012 and the end of 2016 at a rate of four of each model per year. This deal also includes a long-term maintenance support agreement. Not to be outdone, Bombardier Aerospace said it received a “significant business jet sale” for 110 Learjet 60XRs worth up to $1.5 billion from an undisclosed European customer. The deal includes a firm order for 25 twinjets worth approximately $340 million, while orders for the remaining 85 are conditional. Deliveries of these Learjet 60XRs are scheduled to begin next year. Meanwhile, Cessna announced a more modest $87 million order from Canadian aircraft charter and management firm Execaire. The order consists of four Citation Mustangs, three Sovereigns and two XLS+s.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X