Netjets signs agreement for 125 Embraer Aircrafts
Oct. 19, 2010 – São José – Embraer and NetJets, Inc., have signed a Purchase Agreement for 50 Phenom 300 executive jets, plus 75 options. The total value of the deal may exceed US$ 1 billion, at current list price.
October 19, 2010 By Wings Magazine
Oct. 19, 2010 – São José – Embraer and NetJets, Inc., have signed a Purchase
Agreement for 50 Phenom 300 executive jets, plus 75 options. The total value of the deal may
exceed US$ 1 billion, at current list price.
“Embraer is indeed pleased and honored to have been selected by NetJets, a company
recognized worldwide for the excellence of its operations and for an outstanding customer
experience, to develop and deliver the Phenom 300 Platinum Edition,” says Frederico
Fleury Curado, Embraer President and CEO. “This new partnership is both a gratifying
achievement for Embraer and a strong endorsement of our executive jets business. We share
NetJets’ vision for the promising future of executive aviation and see the Phenom 300 in a
strong position to meet the increasingly demanding requirements for comfort, economics,
performance, and reliability.”
The Phenom 300 Platinum Edition will be developed by Embraer in cooperation with NetJets,
the pioneer and world leader in business jet fractional ownership. The jet will feature
technology and comfort based on the requirements of NetJets’ fractional share Owners.
Deliveries of the new aircraft are scheduled to begin in 2013.
“NetJets is making an investment in the future,
and we continue to be guided by our vision to
maintain our leadership position by delivering
extraordinary safety and service to our
Owners,” says David L. Sokol, NetJets’
Chairman and CEO. “We are pleased to be in a
strong position in our industry and proud to be
announcing this order with Embraer for the
Platinum Edition Phenom 300, a high
performance aircraft that is ideally suited to
our Owners’ needs for reliability, range,
interior comfort and operating efficiency.”
This sale further establishes the success and acceptance of the Phenom 300 in the executive
aviation market. The Phenom 300 jets will join NetJets’ existing worldwide fleet of over
800 light, midsize, and large-cabin aircraft. In conjunction with the sale, NetJets and Embraer have signed comprehensive maintenance support agreements providing a broad
scope of logistics, material and maintenance services for the new fleet in both the North
American and European markets.
“On behalf of our entire Embraer team, I would like to thank NetJets for the confidence they
have expressed in our ability to provide the high levels of service and support their business
demands,” says Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets.
look forward to building a long-term relationship with this market leading customer.”
Additional details of the transaction and undisclosed contractual conditions, which are not
available for release at this time, are to be met by January 2011, when the order will be added
to the Company’s backlog.
For more information on NetJets visit www.netjets.com