Textron Aviation (NYSE: TXT) announced Wednesday that flyExclusive placed an order for up to 30 new Cessna Citation CJ3+ jets. The company plans to use the aircraft to expand into the fractional space and support its Jet Club and Partner programs. It cites a strong market for on-demand charter as the reason for its new order.
Based in Kinston, North Carolina, flyExclusive is the third-largest Part 135 charter operator in the United States. The company operates a fleet of 85 light to heavy jets, including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3, and Citation Encore aircraft models.
Textron Aviation’s president and CEO Ron Draper welcomed the deal and celebrated his company’s ongoing partnership with flyExclusive.
“We appreciate customers like flyExclusive, who see the value in operating a broad range of jets from the Citation family,” Draper said in a statement.
“The operating economics of Citations, combined with the global network of service and support available through Textron Aviation, ensures continued productivity and enjoyment throughout the ownership experience.”
Meanwhile, flyExclusive chairman and founder Jim Segrave said the deal will help his company grow.
“We are proud to continue our relationship with Textron Aviation as we bring the CJ3+ into our esteemed fleet,” Segrave said. “The addition of these new CJ3+ aircraft will allow us to expand our capabilities to support our continuing growth as one of the industry’s largest private jet charter operators,” he said.
FlyExclusive is the second-largest owner-operator of Cessna Citation aircraft in the world.
Delivery is expected to begin in 2023 with five aircraft, and flyExclusive will have an option to purchase additional aircraft for deliveries through 2025.
In the light jet segment, the single-pilot CJ3+ offers seating for up to nine passengers and can fly a range of 2,040 nm.
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