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December 20, 2003

NetJets Giveth... And NetJets Taketh Away

A lot of people wondered earlier this week if the market in fractional bizjet ownership had suddenly gone through the roof. NetJets had ordered 58 new jets, a $360 million order. That was on top of the 50 CJ3s NetJets already had on order from Textron's Cessna.Friday, NetJets dropped the other shoe. It cancelled its order for the Cessna aircraft.

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