Embraer Executive Jets, a division of Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) announced today a purchase agreement with Flexjet, a global leader in private jet travel
Embraer and Flexjet Sign Agreement Valued at Up to $7Bn
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Representing the largest firm order for both companies and reaffirming
Flexjet's long-standing commitment to Phenom and Praetor jets
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Flexjet reinforces its commitment to Embraer as first fleet customer for
Praetor jets and introduces the improved Phenom 300E into its global
portfolio
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New deal is valued at up to USD $7 billion, including a firm order of
182 aircraft and 30 options, and an enhanced suite of services and
support
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With this historic order, Flexjet's fleet size will nearly double in the next five years
- The deal commitment comprises a fleet of Embraer business jets, which includes the Praetor 600, Praetor 500 and Phenom 300E models, as well as an enhanced services and support agreement.
- This firm order of 182 aircraft and options for another 30 will nearly double the size of Flexjet’s fleet in the next five years.
- Not only is this the largest order Flexjet has placed in its 30-year history, but it is the largest order to date for Embraer Executive Jets.
- Flexjet reaffirms its longstanding commitment as Embraer’s Praetor fleet launch customer and now introduces the enhanced Phenom 300E model to its growing global portfolio.
“We are delighted with Flexjet’s renewed commitment to Embraer through this comprehensive purchase agreement, which strengthens even further our strategic partnership of over 20 years,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “We are very excited to have many more loyal Flexjet fractional owners enjoy access to our industry-leading Phenom and best-in-class Praetor jets.”
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- This longstanding partnership has grown significantly over the years and continues today with a growing presence of Praetor 600’s, Praetor 500’s and Phenom 300/E series aircraft in Flexjet’s global fleet.
“Now in our 30th year at Flexjet, it seems fitting to extend our rewarding and long-term relationship with Embraer with this historic and groundbreaking firm order. In fact, since 2003, we have accepted delivery of more than 150 Embraer aircraft,” said Michael Silvestro, CEO of Flexjet.
“Both the Praetor 500 and 600 are high performers in the Flexjet fleet. In fact, the Praetor 600 was so well accepted in Europe, we opted to include it in our North American fleet in 2023, extending our Embraer fleet across two continents. And as the first fractional provider of the Praetor 500, our maintenance technicians and our pilots are intimately familiar with the aircraft and are looking forward to the continued growth of this fleet.”
- Embraer via the 100th milestone Phenom 300 delivery in 2012 and
- the 1,000th Embraer executive jet, a Legacy 500, in 2016.
View original News release
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