MEMBER ALERT: AOPA will be closing at 1:45 p.m. Eastern on Dec. 6 and will reopen at 8:30 a.m. Eastern on Dec. 9.
June 12, 2012
By Jim Moore
NetJets announced June 11 a set of deals with aircraft makers Bombardier and Cessna that will place up to 425 new aircraft in service over the next four years. The $9.6 billion deal, which includes 125 firm orders and 300 options, is a welcome boost to a long-suffering industry—all manufacturers combined delivered 703 business jets worldwide in 2011, according to General Aviation Manufacturers Association data.
NetJets, founded in 1964 and owned by Berkshire Hathaway, placed orders (firm orders and options) for 200 Bombardier Challenger 300 series jets, and 75 Challenger 605 models. Cessna will produce up to 150 Citation Latitudes, including firm orders for 25 of those aircraft.
Bombardier Global models and Embraer Phenoms will round out the fleet as NetJets follows a 10-year replacement cycle for its fleet of 725 aircraft, the company announced. The new models are part of a “signature” series, and NetJets participated in the design of these aircraft.
A small team of specialists at NASA’s Langley Research Center has taken to the skies in a Falcon jet hunting bugs.
It takes off and lands like a helicopter, cruises like an airplane, and autorotates like an autogyro.
In its quest to bring a roadable aircraft to production, Terrafugia turns to crowdsource funding website Wefunder.
AOPA thanks our members for their continued support in protecting the freedom to fly.