Jet Republic, a new private aviation company headquartered in Lisbon, announced yesterday that it placed a firm order for 25 new Bombardier Learjet 60 XR aircraft (with options on 85 more) that it intends to fly to more than 1,000 European airports from next summer on. The order, placed in June, is valued at $1.5 billion and will see 25 aircraft delivered over the first 22 months and the remainder delivered one every three weeks thereafter. "Despite the current economic climate, the private ...

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