Bizjet Manufacturers Continue To Rack Up Sales

 - 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.