NetJets Finalizes Deal To Buy 50 Hawker 4000s

AINalerts » December 6, 2005
January 16, 2007, 6:03 AM

Following up on a tentative agreement reached nearly nine months ago, Raytheon Aircraft and NetJets signed a contract for the purchase of 50 Hawker 4000s (née Horizons) for the latter company’s fractional fleet. In addition, there is a separate 10-year guaranteed maintenance program. Raytheon Aircraft said the combined total value of these contracts will exceed $1 billion, the largest single commercial order in the company’s history. Deliveries are scheduled to start in 2007 and continue through 2013. In mid-2003 NetJets canceled a 1999 order for 50 of the super-midsize business jets because of the aircraft’s certification delays. The Hawker 4000, which is still not expected to be fully certified until year-end, was originally scheduled to receive FAA approval in spring 2001. A major reason for the delay in turning the tentative sales agreement into a sales order was that both parties wanted to wait until NetJets and its pilots signed a new work contract, which occurred last month.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X