{"id":6385,"date":"2019-10-23T21:30:01","date_gmt":"2019-10-24T02:30:01","guid":{"rendered":"http:\/\/planesintheair.com\/?p=6385"},"modified":"2019-10-23T21:30:01","modified_gmt":"2019-10-24T02:30:01","slug":"embraer-signs-usd-1-4-billion-business-jet-deal-with-flexjet-becoming-praetor-fleet-launch-customer","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=6385","title":{"rendered":"Embraer Signs USD 1.4 Billion Business Jet Deal with Flexjet, Becoming Praetor Fleet Launch Customer"},"content":{"rendered":"\n
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Las Vegas, Nevada, October 21, 2019 \u2013 Embraer announced today a purchase agreement with Flexjet, a global leader in private jet travel. The deal comprises a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300. The announcement was made during a press conference at the 2019 National Business Aviation Association\u2019s Business Aviation Convention and Exhibition (NBAA-BACE), which is being held through October 24, in Las Vegas, Nevada.<\/p>\n\n\n\n

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\u2019s Praetor Fleet Launch Customer.<\/p>\n\n\n\n

\u201cWe are very grateful for Flexjet\u2019s renewed commitment to Embraer through this new agreement, which reflects the growth and the strength of our partnership over the past 16 years and symbolizes our ongoing support for their journey ahead,\u201d said Michael Amalfitano, President & CEO, Embraer Executive Jets. \u201cFlexjet 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.\u201d<\/p>\n\n\n\n

The partnership between Embraer and Flexjet dates back to 2003, when Flight Options, which merged with Flexjet in 2015, became the first fractional ownership program to introduce the Legacy Executive jet into its fleet. Offering customers a large cabin experience at super-midsize economics allowed Flight Options to serve more customers even better than before, while also supporting the company\u2019s growth via Embraer\u2019s high utilization, reliable aircraft design.<\/p>\n\n\n\n

\u201cWe are proud to introduce the Praetor jets to the fractional marketplace and make technologically advanced midsize and super-midsize aircraft available to Flexjet Owners,\u201d said Michael Silvestro, Flexjet CEO. \u201cThis order also represents the longstanding trust we have in Embraer and in their enhanced commitment to support the growth of our programs and of our partnership with industry-leading business jets.\u201d<\/p>\n\n\n\n

Flight Options introduced the Phenom 300 into its fractional program in 2010, receiving Embraer\u2019s 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.<\/p>\n\n\n\n

Flexjet became the first fractional provider to offer the Legacy 500, in September 2015. In fact, Flexjet took delivery of Embraer\u2019s 1,000th executive jet, a Legacy 500, in April 2016. The Legacy 450 joined the Legacy 500 in Flexjet\u2019s Red Label fleet in August of that year, and both models became the first fly-by-wire Flexjet aircraft, offering performance and capabilities of larger aircraft with midsize economics.<\/p>\n\n\n\n

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Embraer announced today a purchase agreement with Flexjet, a global leader in private jet travel. The deal comprises a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300. The announcement was made during a press conference at the 2019 National Business Aviation Association\u2019s Business Aviation Convention and <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6461,4813,89,3655,5637,5992,5670,6875,2203,7313,7067,1397,868,1103],"tags":[2627,832,464,420,7519,2345,160,5639,4606,988,1195,1024,3954,2699,3590,447,1350,4586,3935,168,3430,1483,7518,660,5581,1915,589,4561,214,704,3874,6438,928,7521,2884,3526,843,1888,2352,412,4063,6713,7520,1541,169,4284,1022,2169,5510,2160,7522,1817,1691,1658,1916,2110],"class_list":["post-6385","post","type-post","status-publish","format-standard","hentry","category-air-show-news","category-airplane-news","category-aviation-news","category-business-jet-news","category-business-news","category-economic-news","category-economy-news","category-embraer-news","category-finance-news","category-las-vegas-news","category-luxury-news","category-stock-news","category-transportation-news","category-travel-news","tag-2627","tag-832","tag-aircraft","tag-airline","tag-appreciate","tag-association","tag-aviation","tag-bace","tag-billion","tag-business","tag-cabin","tag-ceo","tag-commitment","tag-convention","tag-customer","tag-deal","tag-design","tag-dollar","tag-economics","tag-embraer","tag-exhibition","tag-fleet","tag-flexjet","tag-flight","tag-fractional","tag-global","tag-jet","tag-large","tag-las-vegas","tag-launch","tag-leader","tag-leading","tag-legacy","tag-merged","tag-michael","tag-midsize","tag-national","tag-nbaa","tag-nevada","tag-news","tag-options","tag-owners","tag-ownership","tag-partnership","tag-phenom","tag-praetor","tag-private","tag-program","tag-reliable","tag-sign","tag-silvestro","tag-super","tag-transport","tag-transportation","tag-travel","tag-utilization"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6385"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6385\/revisions"}],"predecessor-version":[{"id":6388,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6385\/revisions\/6388"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}