Textron, NetJets strike deal for up to 325 Cessna planes [Reuters]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
Textron, NetJets strike deal for up to 325 Cessna planes | Reuters 3 Min Read ORLANDO, Fla. (Reuters) - NetJets, the luxury plane unit of Warren Buffett’s Berkshire Hathaway Inc ( BRKa.N ), announced a deal on Monday to purchase up to 325 Cessna Citation business jets from Textron Inc’s ( TXT.N ) aviation unit, one of the biggest orders unveiled at a major jet show this week in Orlando, Florida. Rob Scholl, a spokesman for Textron Aviation, said he expects NetJets to firm up the orders for up to 175 super-midsize Cessna Citation Longitude aircraft and up to 150 Cessna Citation Hemisphere aircraft in the coming weeks. Deliveries are expected in the fourth quarter of 2019. In a statement, NetJets said the Textron agreement could increase its Cessna Citations fleet, which it has operated since 1984, to more than 800 aircraft over the next 10 to 15 years. The Longitude will compete with the new longer-range, midsized Praetors launched by Embraer SA ( EMBR3.SA ) on Sunday and Bombard
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