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Executive Jet Signs $103 Million Engine Maintenance Agreement With Rolls-Royce
Executive Jet Signs $103 Million Engine Maintenance Agreement With Rolls-Royce
WOODBRIDGE, NJ July 25, 2000– Executive Jet today announced the signing of a $103 million Power by the Hour® agreement with Rolls-Royce, the civil aerospace, defense, marine and energy group, for engine maintenance on Executive Jet’s fleet of Cessna Citation X aircraft. Executive Jet currently manages 31 Citation Xs in its NetJets® fractional aircraft ownership program with over 50 more on order.
This contract extends to 10 years a previous agreement coving all AE 3007-powered aircraft either owned or managed by Executive Jet. Executive Jet manages the world’s largest fleet of private business jets for its rapidly growing NetJets® fractional aircraft ownership program.
All Rolls-Royce powered aircraft operated by Executive Jet are now covered under long-term engine maintenance programs. A contract for Rolls-Royce engined Gulfstream IV-SP and Gulfstream V corporate jets was signed in late 1999.
Executive Jet, Inc., a Berkshire Hathaway company, is the pioneer and worldwide leader of fractional aircraft ownership. In the last 4 years, Executive Jet has ordered 716 new aircraft, over 40 percent of the worlds total, for its NetJets program worth over $13 billion from Boeing, Cessna, Dassault Falcon, Gulfstream and Raytheon. Executive Jet currently manages more than 286 aircraft, with more than 427 aircraft on order. This year NetJets fractional aircraft owners will fly over 200,000 flights to more than 92 different countries.
Financial and aftermarket services account for 40 percent of Rolls-Royce sales. The company has developed a broad range of services in response to the rapid growth of its customer base, the growing numbers of products in service and the increasing requirement from customers for through-life support.
Power by the Hour® agreements form part of a full range of service that Rolls-Royce offers to its customers. Under PBTH, Rolls-Royce provides a broad range of maintenance support in return for a fixed fee
Contact:
Maryann Aarseth
NetJets Inc.
732-326-3735
maarseth@netjets.com
This contract extends to 10 years a previous agreement coving all AE 3007-powered aircraft either owned or managed by Executive Jet. Executive Jet manages the world’s largest fleet of private business jets for its rapidly growing NetJets® fractional aircraft ownership program.
All Rolls-Royce powered aircraft operated by Executive Jet are now covered under long-term engine maintenance programs. A contract for Rolls-Royce engined Gulfstream IV-SP and Gulfstream V corporate jets was signed in late 1999.
Executive Jet, Inc., a Berkshire Hathaway company, is the pioneer and worldwide leader of fractional aircraft ownership. In the last 4 years, Executive Jet has ordered 716 new aircraft, over 40 percent of the worlds total, for its NetJets program worth over $13 billion from Boeing, Cessna, Dassault Falcon, Gulfstream and Raytheon. Executive Jet currently manages more than 286 aircraft, with more than 427 aircraft on order. This year NetJets fractional aircraft owners will fly over 200,000 flights to more than 92 different countries.
Financial and aftermarket services account for 40 percent of Rolls-Royce sales. The company has developed a broad range of services in response to the rapid growth of its customer base, the growing numbers of products in service and the increasing requirement from customers for through-life support.
Power by the Hour® agreements form part of a full range of service that Rolls-Royce offers to its customers. Under PBTH, Rolls-Royce provides a broad range of maintenance support in return for a fixed fee
Contact:
Maryann Aarseth
NetJets Inc.
732-326-3735
maarseth@netjets.com
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