Posted on: 22 October 2019 by Kimberley Young
Embraer has announced a purchase agreement with Flexjet for a fleet of business jets including the Praetor jets and the Phenom 300 – in a USD 1.4 billion deal making the private jet travel company the launch customer for the Praetor fleet.
Announced at the 2019 National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE) in Las Vegas, the deal is valued at up to USD 1.4 billion at current list prices with deliveries set to start in the fourth quarter of 2019.
“We are proud to introduce the Praetor jets to the fractional marketplace and make technologically advanced midsize and super-midsize aircraft available to Flexjet Owners,” said Michael Silvestro, Flexjet CEO.
The partnership between Embraer and Flexjet dates back to 2003, when Flight Options (which merged with Flexjet in 2015) became the first fractional ownership programme to introduce the Legacy Executive jet into its fleet. Flight Options introduced the Phenom 300 into its fractional programme in 2010.
“We are very grateful for Flexjet’s renewed commitment to Embraer through this new agreement, which reflects the growth and the strength of our partnership over the past 16 years and symbolises our ongoing support for their journey ahead,” commented Michael Amalfitano, president & CEO, Embraer Executive Jets. “Flexjet Owners will appreciate and enjoy a truly elevated customer experience in industry-leading aircraft, including the recently certified Praetor jets, which are different by design and disruptive by choice.”
Flexjet became the first fractional provider to offer the Legacy 500 in 2015, and the Legacy 450 joined Flexjet’s Red Label fleet in the same year.