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Fri, Dec 19, 2003

NetJets Orders $360M Worth Of Hawker 400XPs and Hawker 800XPs

Order Totals 58 Aircraft

NetJets has ordered 50 new Hawker 400XP light jets and eight new Hawker 800XP mid-size jets from Raytheon Aircraft Company with a total value in excess of $360 million. The aircraft will be added to the NetJets fractional aircraft ownership program.

The order includes an option for an additional 50 Hawker 400XP aircraft, bringing the total potential value to more than $600 million. In addition, discussion is underway on a long-term maintenance agreement for this new order that includes the existing Hawker 800XP and Hawker 1000 business jets in the NetJets fleet of fractionally owned aircraft.

With that order, the Hawker 400XP becomes NetJets' new entry- level fractional aircraft ownership offering. The eight Hawker 800XPs will join the 75 Hawker 800XPs and Hawker 1000s already in NetJets fractional aircraft ownership program.

Deliveries of the Hawker 400XP will begin in 2004 and continue through 2009. The Hawker 800XPs will be delivered beginning December 2003 and through 2005.

FMI: www.netjets.com

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