The airplanes are slated for use in the Woodbridge company's NetJets program, which offers partial ownership of a plane to individuals or companies. The program provides guaranteed worldwide availability and travel to the partial owners. Under the terms of the deal with General Dynamics, the Woodbridge company has an option to purchase 50 more aircraft.
Maintenance is covered under the agreement.
Executive Jet manages 345 aircraft, with almost 600 more on order. Hoffmann-La Roche Inc. announced Tuesday that the Food and Drug Administration has approved its oral chemotherapy pill for the treatment of colorectal cancer. Xeloda is designed for use against metastatic colorectal cancer, the second-leading cause of cancer mortality among Americans. He was appointed president and chief executive on Jan. 17, 2000. Eyler was granted 300,000 stock options by the company, compared with 1 million stock options in the prior year.