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Bizjet Manufacturers Continue To Rack Up Sales

Bizjet Manufacturers Continue To Rack Up Sales

Defying the sluggish U.S. economy, three business jet manufacturers on Friday separately announced fleet orders worth as much as a combined $ 3.5 billion. Fractional provider NetJets was the biggest shopper on the block that day, placing a firm order for $ 1.9 billion worth of Gulfstream G450s and G550s that will “significantly expand” its large-cabin fleet. Under the agreement, NetJets will take delivery of 20 G450s and 20 G550s between 2012 and the end of 2016 at a rate of four of each model per year. This deal also includes a long-term maintenance support agreement.

Not to be outdone, Bombardier Aerospace said it received a “significant business jet sale” for 110 Learjet 60XRs worth up to $ 1.5 billion from an undisclosed European customer. The deal includes a firm order for 25 twinjets worth approximately $ 340 million, while orders for the remaining 85 are conditional.

Deliveries of these Learjet 60XRs are scheduled to begin next year. Meanwhile, Cessna announced a more modest $ 87 million order from Canadian aircraft charter and management firm Execaire.

The order consists of four Citation Mustangs, three Sovereigns and two XLS+s.

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