Textron to Sell up to 1,500 Cessna Jets to NetJets Over 15 Years
September 20 2023 - 06:41AM
Dow Jones News
By Will Feuer
Textron Aviation said it has struck a deal to sell up to 1,500
additional Cessna Citation business jets to Berkshire
Hathaway-owned NetJets over the next 15 years.
Textron, through its aviation division, also said it has named
NetJets the fleet launch customer for its newest jet, the Citation
Ascend. Deliveries of the Citation Ascend are expected to begin in
2025.
The new deal extends NetJets' existing fleet agreement with
Textron, and gives the private jet company the opportunity to add
more Cessna Citation Ascend, Citation Latitude and Citation
Longitude aircraft to its fleet.
NetJets sells fractional ownership shares in private business
jets.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
September 20, 2023 06:26 ET (10:26 GMT)
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