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NetJets and Textron Aviation sign massive deal for up to 1,500 Cessna Citation jets

Textron and NetJets have signed an agreement for up to 1,500 Citation jets
Textron and NetJets have signed an agreement for up to 1,500 Citation jets © Textron Aviation

Textron Aviation and NetJets® have announced a record-breaking fleet agreement which includes the option for NetJets to purchase up to 1,500 Cessna Citation business jets over the coming 15 years. This agreement sees NetJets expand its existing fleet agreement, including options for a growing number of aircraft each year. This will enable the company to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. NetJets has also been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend which are expected to start in 2025 when the aircraft, which is presently under development, is expected to enter into service.

“NetJets customers around the world continually select Citations as their aircraft of choice. We’re honoured 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,” said Ron Draper, president and CEO, Textron Aviation. “Expanding and adding the Citation Ascend to the NetJets fleet will provide its global customers with even more versatility and flexibility to accomplish their missions, building upon the exceptional performance and popularity of the Latitude and Longitude.”

Since the start of the over 40-year relationship between the companies, NetJets has taken delivery of over 800 aircraft from Textron Aviation, including exercising over 300 options for Citation Latitudes and Longitudes throughout past eight years. Over the years, NetJets has owned and operated industry-leading Citations including the Citation SII, V, Excel/XLS, Sovereign, X, Latitude and Longitude models.

“As a long-time, trusted ally who shares our commitment to safety and service, Textron Aviation is the ideal partner to help us expand our offerings to NetJets Owners with the introduction of the new Ascend to our midsize jet class, as well as by growing our overall fleet,” said Doug Henneberry, NetJets Executive Vice President, Aircraft Asset Management. “Based on past demand for the popular Citation Latitude and Longitude, the new Ascend and all our new Citations will undoubtedly be well received by our Owners, particularly those who depend on NetJets to help them do more and miss less.”

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