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Textron Aviation, NetJets ink deal with options to buy up to 1,500 Citation jets

Textron Aviation

NetJets reached a sizeable fleet agreement with Textron Aviation, with options to acquire up to 1,500 additional Cessna Citation business jets over the next 15 years.  

The deal includes Cessna Citation Ascend, Citation Latitude, and Citation Longitude aircraft. NetJets is slated to be the launch customer for Textron Aviation’s latest aircraft, the Citation Ascend, with the first deliveries expected in 2025, once the aircraft completes its development phase. 

Initial performance goals set by Textron suggest a high-speed cruise power range of 1,900 nautical miles (3,518 kilometers) for four passengers (with a potential maximum range estimated at 2,100 nautical miles or 3,889 kilometers), a cruising speed of 441 knots (815 kilometers per hour), and the capability to ascend directly to an altitude of 45,000 feet (13,716 meters).聽

鈥淣etJets customers around the world continually select Citations as their aircraft of choice,鈥 said Ron Draper, the President and CEO of Textron Aviation. 鈥淲e’re honored to be the largest provider of industry-leading aircraft to NetJets and look forward to continuing to work together to design and deliver the best aviation experience based on customer feedback.鈥 

To date, NetJets has taken delivery of over 800 aircraft from Textron Aviation, including more than 300 Citation Latitudes and Longitudes in the past eight years alone, according to the manufacturer. 

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