Embraer signs USD 1.4bn purchase agreement with Flexjet for Embraer business aircraft

Embraer has announced a purchase agreement with private jet provider Flexjet, comprising a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300, the company said.

Valued at up to USD 1.4 billion, at current list prices, this deal was included in the 2019 second quarter backlog, with deliveries starting in the fourth quarter of 2019. With this purchase agreement, Flexjet becomes Embraer´s Praetor Fleet Launch Customer.

Flight Options introduced the Phenom 300 into its fractional program in 2010, receiving Embraer´s 100th milestone Phenom 300 in 2012, the first year in which the aircraft became the best-selling light jet. For the seventh consecutive year, the Phenom 300 has been the most delivered light business jet, according to GAMA (General Aviation Manufacturers Association). Also according to GAMA data, the Phenom 300 was the only business jet to reach the mark of 500 deliveries in the last decade.

Flexjet offers fractional jet ownership and leasing. Flexjet´s fractional aircraft program is recognized as achieving the Air Charter Safety Foundation´s Industry Audit Standard. Flexjet is a member of the Directional Aviation family of companies.

Embraer is an executive jet manufacturers, having entered the business aviation market in 2000 with the Legacy jet, which led to the launch of Embraer Executive Jets in 2005.

Embraer is a global aerospace company headquartered in Brazil, with businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.