Wed, Jun 30, 2004
Someone Is Getting A Heck Of A Commission
NetJets Inc. is
bolstering its worldwide operations by signing a contract with
Raytheon Aircraft Company for 20 Hawker 800XP mid-size business
jets and 20 Hawker 400XP light business jets.
Total value of the contract will exceed $300 million. The Hawker
400XPs and 800XPs will be based in Europe and the United States.
The 40 aircraft will be delivered in the 2005-07 timeframe.
recognizes that the growing NetJet worldwide customer base prefers
roomy cabin interiors offered by both the Hawker 400XP and Hawker
800XP,” said Jim Schuster, Chairman and CEO of Raytheon
Aircraft. “It’s also a reflection of our efforts over
the last several years to build perfect aircraft and improve
customer service and support to world-class status.”
“Raytheon’s commitment to customer service and
quality aircraft were key factors in our decision,” said
NetJets Chairman Richard Santulli. “NetJets guarantees
aircraft availability 24 hours a day, 365 days a year, and we need
a superb service organization to back us up.”
This most recent
agreement follows a series of transactions between Raytheon
Aircraft and NetJets starting late last year. They are:
- December 2003 – NetJets orders 50 new Hawker 400XPs and
eight Hawker 800XPs. The order establishes the Hawker 400XP as
NetJets’ primary entry-level fractional aircraft ownership
- February 2004 – Raytheon Aircraft and NetJets sign a
10-year maintenance contract with additional options for Hawker
1000, Hawker 800XP and Hawker 400XP business jets in the NetJets
- February 2004 – NetJets orders an additional two Hawker
Total value of all transactions is approximately $1 billion.
The Hawker 400XP and its predecessor, the Beechjet 400A, is the
most popular light jet in fractional service. The Hawker 400XP was
introduced in May 2003 at the European Business Aviation Convention
and Exhibition. The Hawker 400XP (eXtra Payload) features a 200-lb.
gross weight increase over its predecessor, the Beechjet 400A. This
gives customers additional operational capability to add another
passenger, or operate with the same number of passengers and
increase the fuel onboard by 200 pounds for increased range.
The Hawker 800XP is the world’s best-selling mid-size
business jet. It offers the largest cabin in its class, with
typical seating layouts for six to 10 passengers in a variety of
configurations. The cabin provides headroom and the ability to walk
around with ease during flight. The Hawker 800XP is equipped with
Honeywell TFE 731-5BR turbofan engines and features Collins Pro
Line 21 avionics as standard equipment.
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