NetJets, one of the first private business jet charter and aircraft management has made the “largest private aviation order in history” with a deal worth up to $6.9 billion. NetJets said on Monday that they have ordered a total number of 425 midsize business jets from Cessna and Bombardier. The deal includes firm orders from 100 jets from Bombardier, 75 of the Challenger 300 model and 25 Challenger 605 jets and 25 Citation Latitudes from Cessna. NetJet’s order also includes another 125 each of the Challenger 300 and Latitude jets, plus 50 options for the Challenger 605. The order expands more to NetJet’s own “Signature Series” line of aircraft, wherein the company helped to design.
“These aircraft are bigger, faster, quieter and offer longer range than similar aircraft of the previous generation, we listened to our owners and developed the design specifications of these aircraft to ensure that our fleet meets their specific needs.” NetJets said in a news release. The ordered airplanes will be deployed in NetJet’s flights in North American and Europe. The said deliveries of the aircraft are set to take place over 10 years starting in 2014 fromt he Bombardier jets and 2016 for the Cessna Latitudes.
NetJets Inc. was formerly Executive Jet Aviation and was founded in 1964. NetJets is a subsidiary of Berkshire Hathaway that offers fractional ownership and rental of private business jets.
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