Manufacturers rack up large orders

 - July 7, 2008, 6:12 AM

Three business jet manufacturers on June 20 separately announced fleet orders worth as much as a combined $3.5 billion. Fractional provider NetJets was the biggest shopper, 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. 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 the remaining 85 aircraft are conditional orders. Meanwhile, Cessna announced an $87 million order from Canadian aircraft charter and management firm Execaire. The order consists of four Citation Mustangs, three Sovereigns and two XLS+s.