WICHITA, Kan., Dec. 18 /PRNewswire-FirstCall/ -- NetJets(R) Inc. has
placed an order for 50 new Hawker 400XP light jets and eight new Hawker 800XP
mid-size jets from Raytheon Aircraft Company with a total value in excess of
$360 million. The aircraft will be added to the NetJets fractional aircraft
ownership program.
The order includes an option for an additional 50 Hawker 400XP aircraft,
bringing the total potential value to more than $600 million. In addition,
discussion is underway on a long-term maintenance agreement for this new order
that includes the existing Hawker 800XP and Hawker 1000 business jets in the
NetJets fleet of fractionally owned aircraft.
As a result of this order the Hawker 400XP will become NetJets' new entry-
level fractional aircraft ownership offering. The eight Hawker 800XPs will
join the 75 Hawker 800XPs and Hawker 1000s already in NetJets fractional
aircraft ownership program.
Deliveries of the Hawker 400XP will begin in 2004 and continue through
2009. The Hawker 800XPs will be delivered beginning December 2003 and through
2005.
"Our commitment to providing the highest quality aircraft and finest
service in the industry has been at the heart of our relationship with
NetJets," said Jim Schuster, Chairman and CEO of Raytheon Aircraft. "NetJets'
growing confidence in us is a giant step forward for Raytheon Aircraft and a
clear affirmation that we have our priorities straight. This is a big day for
Raytheon Aircraft employees everywhere."
"At NetJets we have the freedom to choose what we consider to be the best
light, midsize and large cabin aircraft in the world," said Richard Santulli,
Chairman and CEO of NetJets. "The Hawker 400XP provides us with an ideal
entry level light size business jet. Its performance, interior and range make
the Hawker 400XP another example of NetJets' strategy to continually offer
NetJets owners the best aircraft to fulfill their business and personal travel
needs."
The Hawker 400XP and its predecessor, the Beechjet 400A, is the most
popular light jet in fractional service. The Hawker 400XP was introduced in
May 2003 at the European Business Aviation Convention and Exhibition. The
Hawker 400XP (eXtra Payload) features a 200-lb. gross weight increase over its
predecessor, the Beechjet 400A. This gives customers additional operational
capability to add another passenger, or operate with the same number of
passengers and increase the fuel onboard by 200 pounds for increased range.
The Hawker 800XP is the world's best-selling mid-size business jet. It
offers the largest cabin in its class, with typical seating layouts for six to
10 passengers in a variety of configurations. The cabin provides headroom and
the ability to walk around with ease during flight. The Hawker 800XP is
equipped with Honeywell TFE 731-5BR turbofan engines and features Collins Pro
Line 21 avionics as standard equipment.
Raytheon Aircraft designs, manufactures, markets and supports Beechcraft
and Hawker aircraft for the world's commercial, military and regional airline
markets.
NetJets Inc., a Bershire Hathaway Inc. company, provides the safest and
most secure private aviation travel solutions in the world. In 2003, NetJets
will fly more than 250,000 flights to over 140 different countries. NetJets
fractional aircraft ownership allows individuals and companies to buy a piece
of a private business jet at a fraction of the cost of whole aircraft
ownership, and guarantees availability 365 days a year with just a few hours
notice. More information on NetJets is available at http://www.netjets.com
Contact:
Jackie Berger
(316) 676-7690
Tim Travis
(316) 676-8674
http://www.raytheonaircraft.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
http://www.netjets.com
CONTACT:
Jackie Berger, +1-316-676-7690, or Tim
Travis, +1-316-676-8674, both of Raytheon Company
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