Wed, Jun 20, 2007
Deal For 97 Planes Worth More Than $1 Billion
Cessna Aircraft Company announced Wednesday at the Paris Air
Show that NetJets, already the company's largest Citation customer,
has signed a deal to further increase its fleet by another 96
Citation business jets. The order includes 50 Encore+, 37 XLS+ and
nine Citation X aircraft... and totals more than $1 billion.
"Cessna's Citation line provides our customers a wide variety of
options for fractional ownership," said NetJets Chairman and CEO,
Richard Santulli. "The dispatch reliability and quality of service
provided by Cessna Citations have helped make our business
successful. We currently have 304 Citation business jets under
management with NetJets and NetJets Europe.
"We selected Encore+, XLS+ and Citation X for several reasons,"
Santulli continued. "The Encore and its predecessor -- the Ultra --
have been the main workhorses of our fleet since the mid 1990s and
we've been very happy with their customer satisfaction and
reliability. The combination of exceptional cabin comfort and low
operating cost has made the XLS our most popular aircraft. And the
Citation X has a loyal following for those customers for whom speed
is of utmost importance."
"During our 21 year business relationship with NetJets, we have
delivered 340 Citation business jets for their European and
American fractional aircraft operations," added Cessna Chairman,
President and CEO Jack Pelton. "Our multifaceted Citation line of
business jets provides them with options to satisfy a great range
of customers, and our vast support network ensures the high level
of service that NetJets has become known to provide."
Based on unit sales, Cessna Aircraft Company is the world's
largest manufacturer of general aviation airplanes. In 2006, Cessna
delivered 1,239 aircraft, including 307 Citation business jets, and
reported revenues of about $4.2 billion and a backlog of $8.5
billion.
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