NetJets has signed a deal with Embraer for up to
250 Praetor 500 jets, including a comprehensive services and
support agreement.
The deal is valued in excess of US$5 billion at
list prices, with deliveries expected to begin in 2025.
Whilst NetJets has operated Embraer’s Phenom 300
series for over a decade, the deal marks the first time NetJets
will offer the midsize Praetor 500 to customers.
The partnership between Embraer and NetJets began
in 2010 when NetJets first signed a purchase agreement for 50
Phenom 300 aircraft, with up to 75 additional options.
In 2021, after Embraer successfully delivered over
100 aircraft, the companies signed a continuing deal for up to 100
additional Phenom 300/E jets, in excess of $1.2 billion.
NetJets currently averages over 1,200 worldwide
flights per day.
“We are eager to add the Embraer Praetor 500, one
of today’s most state-of-the-art business jets, to our midsize
fleet,” said Doug Henneberry, Executive Vice President of NetJets
Aircraft Asset Management. “This historic fleet agreement is
another way that we are growing our fleet for the benefit of our
loyal customers. By adding up to 250 aircraft to our fleet, we
will continue providing NetJets Owners with exceptional service
and seamless access to all corners of the globe.”
The Praetor 500 is an advanced midsize business
jet that has U.S. coast-to-coast
capability, full fly-by-wire flight controls, the lowest cabin altitude in its class,
as well as the tallest and widest cross section in the segment.
Additionally, it offers a flat-floor cabin, stone flooring, a
vacuum lavatory, and ample baggage space, including a fully
enclosed internal baggage compartment.
“Since 2010, Embraer has enjoyed NetJets’ ongoing
commitment to our industry-leading aircraft, which is a true
testament to the value of our brand and our ability to deliver the
ultimate experience in business aviation,” said Michael Amalfitano,
President and CEO of Embraer Executive Jets. “Our strategic
partnership has been an integral part of our business growth, with
NetJets taking all aircraft delivery options that have been
ordered with Embraer since inception. After building this
successful foundation with the Phenom 300 series, it’s our
pleasure to have now signed this monumental deal for the Praetor
500 midsize jet, and we look forward to an even more exciting
future ahead.”
