Tag: NetJets

Textron Aviation and NetJets sign fleet agreement for up to 1,500 Cessna Citation jets

September 20, 2023 / WIL BALDWIN

September 20, 2023, – NetJets named launch customer for the new Cessna Citation Ascend

Wichita, Kansas, Business Wire – Textron Aviation (NYSE: TXT) and NetJets, a Berkshire Hathaway (NYSE: BRKa) today announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years. This agreement extends NetJets’ existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Equally exciting is the announcement that NetJets has been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend. Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.

Since the inception of the more than 40-year relationship between the companies, NetJets has taken delivery of more than 800 aircraft from Textron Aviation, including exercising over 300 options for Citation Latitudes and Longitudes during the past eight years. This enduring relationship equips discerning customers with class-leading, safe, and reliable aviation travel experiences worldwide. Through the years, NetJets has owned and operated industry-leading Citations including the Citation SII, V, Excel/XLS, Sovereign, X, Latitude and Longitude models.

The Citation series of business jets has evolved to offer an unmatched range of capabilities, systems and options that allow customers to expand their business reach. More than 30 Citation models have been certified over the 50-year history of the Citation line. There are currently six Citation models in production: Citation M2 Gen2,Citation CJ3+, Citation CJ4 Gen2, Citation XLS Gen2, Citation Latitude and Citation Longitude, with the Citation Ascend under development.

Embraer deliveries increase 47% in second quarter 2023

August 6, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, August 3, 2023 – Embraer (NYSE: ERJ) delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175’s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2’s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. Four E175’s also began operations with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175’s in its fleet

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a low-cost subsidiary of Singapore Airlines, is also adding nine E190-E2’s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Aerial view of the Singapore landmark financial business district at twilight sunset scene with skyscraper and beautiful sky. Singapore downtown

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

Warren Buffett’s NetJets, Union Reach Pilot Labor Pact

January 17, 2019 / WIL BALDWIN

(Reuters) – NetJets, the luxury plane unit of Warren Buffett’s Berkshire Hathaway Inc, has extended its contract with its pilots union by three years, avoiding the type of bitter labor dispute that it had with the union earlier this decade.

The tentative contract with the NetJets Association of Shared Aircraft Pilots, which represents 2,500 pilots, boosts pay, changes the compensation structure, and expires in 2026.

NetJets and the union said in a joint statement on Thursday that the accord followed six weeks of talks, which the Columbus, Ohio-based company began though the pilots’ 2015 contract wasn’t scheduled to expire until 2023.

More than 81 percent of the pilots voted last month in favor of the changes.

“The NJASAP Executive Board is exceedingly pleased with the outcome of this negotiation — an ambitious undertaking characterized by honesty, goodwill and a genuine commitment to continuing collaboration,” said union president, Pedro Leroux.

The contract was reported earlier by The Wall Street Journal. Berkshire did not immediately respond to a request for comment.

NetJets’ labor peace contrasts with more than two years of contentious relations with the union that ended in 2015, after Adam Johnson was installed as chief executive.

The union, then also led by Leroux, had accused NetJets of trying to slash jobs, obtain givebacks on health care and work rules, and bait pilots through bogus Twitter posts to conduct work slowdowns that could result in their being fired.

In contrast, Johnson said on Thursday the contract extension was “built on a foundation of trust and transparency.”

Berkshire employed more than 377,000 people at the end of 2017, and most are not unionized.

Buffett, who flies on NetJets planes, told shareholders at Berkshire’s 2015 annual meeting: “We have no anti-union agenda whatsoever, and we think we have sensational pilots.”

(Reporting by Jonathan Stempel in New York; Editing by Bernadette Baum)

In other NetJet news, Just in time for the winter ski season, we are excited to announce a partnership with Caldera House. Through this partnership, NetJets Owners can take advantage of exclusive benefits at Jackson Hole’s newest luxury hotel.

Click the link below for the full story!

https://www.netjets.com/en-us/caldera-house-private-jet-travel-jackson-hole

Textron Aviation and NetJets sign fleet agreement for up to 1,500 Cessna Citation jets

Embraer deliveries increase 47% in second quarter 2023

Warren Buffett’s NetJets, Union Reach Pilot Labor Pact

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