Canada's AirSprint orders up to 12 Embraer business jets

Embraer Executive Jets has received a purchase agreement from AirSprint, Inc. for up to 12 Legacy 450, which consists of two firm orders with expected delivery in the fourth quarter 2016 and 10 purchase options with initial delivery dates starting in the first quarter 2017, the company said.

The company said this agreement has an estimated value of USD198 million at the current list price, if all options are exercised.

Deliveries of the Legacy 450 to AirSprint will begin as soon as the aircraft is awarded type certification by Transport Canada Civil Aviation (TCCA), which is expected to occur in the fourth quarter 2016.

AirSprint is a privately held company based in Calgary, AB, which maintains a fractional fleet of private aircraft in Canada including the Cessna Citation XL/XLS/CJ2+/CJ3+ and shortly the Embraer Legacy 450.

Embraer Executive Jets is an executive jet manufacturer, having entered the business aviation market in 2000 with the Legacy jet, with a portfolio, that includes the entry-level Phenom 100E and the Phenom 300 light jet, the Legacy 500 midsize and Legacy 450 mid-light, the super midsize Legacy 600 and large Legacy 650, and the ultra-large Lineage 1000E. With more than ten years in the market, Embraer Executive Jets´ global fleet exceeds 1,000 aircraft, which are in operation in more than 60 countries.

Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense and security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services.