Embraer delivers milestone Phenom Family Jet to NetJets

Embraer Executive Jets delivered the 100th Phenom family jet produced in Melbourne, Fla., just over three years after the first aircraft rolled off this facility’s assembly line. The commemorative aircraft, a NetJets Signature Series Phenom 300, was delivered to NetJets, a Berkshire Hathaway company and will be part of the company’s European fleet. NetJets and Embraer signed an original purchase agreement for 50 Phenom 300 firm orders and 75 options, in October 2010. The total value of the deal may exceed US$1bn, if all options are exercised. In December 2014, an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders was signed by both parties. Embraer has now delivered 40 Signature Series Phenom 300 to NetJets. These aircraft operate in the NetJets fleet, with fractional owners in the U.S. and Europe.