NetJets Signs Maintenance Agreement with GE for Challenger 605s

 - June 19, 2012, 3:48 PM

NetJets signed a 15-year OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul of its upcoming CF34-powered Bombardier Challenger 605 fleet, which was part of the fractional provider’s $9.6 billion aircraft order announced last week. NetJets placed a firm order for 25 Challenger 605s with options for up to 50 more, in addition to orders for other business jets. The CF34 engine order and OnPoint solution agreement are valued at more $400 million over the life of the agreement, GE said.