Embraer Executive Jet signs USD 7 billion deal with Flexjet
182 firm orders & 30 options for Praetor & Phenom jets
This partnership with Flexjet dates back to 2003 when Flight Options which merged with Flexjet in 2015, became the first fractional ownership programme to introduce the Legacy executive jet
Embraer Executive Jets has announced a purchase agreement with Flexjet, valued at up to USD 7 billion, marking the largest order in Flexjet’s history.
This partnership with Flexjet dates back to 2003 when Flight Options which merged with Flexjet in 2015, became the first fractional ownership programme to introduce the Legacy executive jet
Embraer Executive Jets, a subsidiary of the Brazilian aerospace company Embraer that manufactures private jets for business use, has signed a landmark agreement with Flexjet, a global leader in fractional jet ownership. Valued at up to USD 7 billion, the deal will expand Flexjet’s fleet by aircraft, solidifying their long-standing partnership and reinforcing Flexjet’s position in the aviation industry.
In a press statement, Embraer says that the deal includes a firm order of 182 aircraft and 30 options, strengthening the long-standing partnership between the two companies.
It adds that the agreement includes Embraer’s Praetor 600, Praetor 500, and Phenom 300E models, with an enhanced suite of services and support.
Embraer says that this order represents a significant milestone, reinforcing Flexjet’s position as Embraer’s first fleet customer for Praetor jets and expanding its fleet with the new generation of the Phenom 300E.
Michael Amalfitano
It adds that the partnership with Flexjet dates back to 2003, when Flight Options, which merged with Flexjet in 2015, became the first fractional ownership programme to introduce the Legacy executive jet. Over the years, this longstanding partnership has expanded, and today it continues with a growing presence of Praetor 600, Praetor 500, and Phenom 300 series aircraft in Flexjet’s global fleet.
The statement adds that Flexjet has been the first fleet customer for three Embraer products: the Legacy Executive in 2003, the Phenom 300 in 2010, the Legacy 450 in 2016, and the Praetor 500/600 in 2019.
It adds that the Flexjet also helped Embraer reach milestones, including the delivery of the 100th Phenom 300 in 2012 and the 1,000th executive jet, a Legacy 500, in 2016. The Phenom 300 has been the most delivered light business jet globally for 12 consecutive years, according to GAMA. The Legacy 450 and 500 were the first fly-by-wire aircraft in Flexjet’s fleet.
Michael Silvestro
“We are delighted with Flexjet’s renewed commitment to Embraer through this comprehensive purchase agreement, which strengthens even further our strategic partnership of over 20 years. We are excited to continue offering Flexjet’s customers access to our market-leading Phenom jets and our Praetor jets, the best in their respective categories,” says Michael Amalfitano, President and CEO, Embraer Executive Jets.
“Now in our 30th year at Flexjet, it seems fitting to extend our rewarding and long-term relationship with Embraer with this historic firm order. Since 2003, we have accepted delivery of more than 150 Embraer aircraft. Both the Praetor 500 and Praetor 600 are high performers in the Flexjet fleet. Praetor 600 was so well accepted in Europe, we opted to include it in our North American fleet in 2023, extending our Embraer fleet across two continents. And as the first fractional provider of the Praetor 500, our maintenance technicians and our pilots are intimately familiar with the aircraft and are looking forward to the continued growth of this fleet,” says Michael Silvestro, CEO, Flexjet.
