Tue, Sep 25, 2007
Cessna, Bombardier Win Big Deals... One Bigger Than The
Other
When is a $600 million order for 30 business jets NOT the
biggest news item of the day? When that impressive order is
superceded by a $1.9 BILLION -- yes, with a "B" -- deal for 80
planes... from the same company.
On Monday, private aviation company XOJET announced at NBAA 2007
it placed an order for 30 Cessna Citation X business jets, valued
at over $600 million.
“The growth of private aviation is fueled by a new type of
traveler—executives who fly privately more than 100 hours a
year,” said Paul Touw, president and CEO of XOJET.
“XOJET’s new model was built to give these customers a
better way to fly private, and market response to our solutions has
been exceptional. Our commitment to the super-midsize jet category
and the Citation X has helped fuel our rapid growth, and we look
forward to introducing 30 new Citation X jets into our
fleet.”
XOJET will begin taking delivery of the order in Q1 2008.
Deliveries are scheduled to continue through Q4 2010. The order
builds on XOJET's existing Citation X fleet, and will bring it to
47 jets.
If that number sounds impressive --
and it is -- just wait. On Tuesday, XOJET announced an order for 20
Bombardier Challenger 300 jets with options for an additional 60
aircraft.
The order -- the largest in Bombardier's history for
super-midsize jets -- is valued at approximately $1.9 billion at
list prices, assuming all options are exercised.
“Our breakthrough model for private aviation has gained
the respect and loyalty of the world’s most frequent business
fliers,” said Paul Touw, president and CEO of XOJET.
“Focusing our fleet on super-midsize jets allows us to
deliver the service levels and cost advantages our customers
expect. The Challenger 300 gives our customers additional choice,
and its large cabin and unmatched comfort perfectly complement our
existing fleet.”
XOJET says it now offers its customers the choice of the most
spacious cabin in the super-midsize class. Challenger 300 aircraft
deliveries will begin in 2008.
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