Nothing but Net

  • 07-Aug-2008 03:42 EDT

Gulfstream Aerospace Corp. reached an agreement with NetJets to supply 40 new Gulfstream aircraft. The agreement, valued at $1.9 billion, calls for four Gulfstream G450s and four Gulfstream G550s to be delivered to NetJets each year from 2012 through 2016. This deal also includes a long-term maintenance support agreement. NetJets has more than 90% of the long-range cabin fractional market and is the largest operator of Gulfstream aircraft in the world. As of June 2008, NetJets’ worldwide Gulfstream fleet totals 110 and is comprised of 21 Gulfstream G550/V, 55 Gulfstream G450/400/IV-SP, and 34 Gulfstream G200s.

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