NetJets, a leading private aviation company, has signed a new deal with Brazilian aircraft manufacturer Embraer to acquire up to 250 Praetor 500 jet options. The deal, valued at over US$5 billion, includes a comprehensive services and support agreement and is expected to commence deliveries in 2025. This partnership marks NetJets’ first time offering the midsize Praetor 500 jet to customers.
NetJets has been operating Embraer’s Phenom 300 series for over a decade, which has been one of their most requested aircraft. The partnership between Embraer and NetJets began in 2010, when NetJets first signed a purchase agreement for 50 Phenom 300 aircraft with up to 75 additional options. In 2021, after Embraer successfully delivered over 100 aircraft, the companies signed a continuing deal for up to 100 additional Phenom 300/E jets, valued at over US$1.2 billion.
NetJets’ new agreement with Embraer demonstrates their commitment to creating an enhanced customer experience and providing reliable global access to their current owners and their guests. NetJets currently averages over 1,200 worldwide flights per day, making it essential for the company to offer the best aircraft and services to their customers.
The partnership between NetJets and Embraer has been highly successful and has significantly contributed to Embraer’s business growth. NetJets has taken all aircraft delivery options that have been ordered with Embraer since their inception, which is a testament to Embraer’s ability to deliver the ultimate experience in business aviation.
Michael Amalfitano, the President and CEO of Embraer Executive Jets, expressed his pleasure with the new agreement. He stated that the partnership between Embraer and NetJets has been an integral part of their business growth, and they are thrilled to have signed this monumental deal for the Praetor 500 midsize jet. This partnership marks the beginning of an even more exciting future ahead for both companies.
