NetJets adds 10 Signature Series Phenom 300s to Embraer aircraft order

Embraer Executive Jets and NetJets, a Berkshire Hathaway company have signed an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders. At current list prices, this addition to the contract is worth US$89.55m, which will be included in the backlog of the fourth quarter of 2014. In October 2010, a purchase agreement was signed for 50 firm and 75 options. The total value of the deal may exceed US$ 1bn, if all options are exercised.