NetJets, a Warren Buffett company that sells stakes in private jets, said Tuesday it agreed to buy 24 Falcon 7X jets from Dassault Aviation in a deal worth $1.1 billion.
The order is the largest ever European contract to buy business planes, the company said in a statement.
Dassault, which already has orders for 90 Falcon aircraft, expects to certify the plane in early 2007. Delivery will be made over six years, starting in 2008.
NetJets Inc., part of Berkshire Hathaway Inc., sells stakes to clients who then have access to a fleet of business jets of various sizes and ranges.
Dassault also builds the Rafale and Mirage combat jets.
Dassault shares rose 5.4 percent to close at 649 euros ($829.49) in Paris trading.
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