Photo: Embraer
Embraer Executive Jets has signed a purchase agreement with Flexjet for a fleet of business aircraft, including the Praetor 600, Praetor 500, and Phenom 300E models. The deal, valued at up to US$ 7 billion at current list prices, consists...
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Embraer Executive Jets has signed a purchase agreement with Flexjet for a fleet of business aircraft, including the Praetor 600, Praetor 500, and Phenom 300E models. The deal, valued at up to US$ 7 billion at current list prices, consists of a firm order for 182 aircraft with an option for 30 more. It also includes an enhanced package of services and support.
This is the largest order in Flexjet’s 30-year history and represents the biggest firm order for Embraer’s executive aircraft. With this agreement, Flexjet remains Embraer’s first fleet customer for Praetor jets and introduces the latest version of the Phenom 300E into its global operations. The additional aircraft are expected to nearly double Flexjet’s fleet size over the next five years.
“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,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “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.”
Flexjet’s relationship with Embraer dates back to 2003 when Flight Options, which later merged with Flexjet in 2015, introduced the Legacy executive jet into the fractional ownership market. Since then, Flexjet has taken delivery of more than 150 Embraer aircraft and continues to expand its fleet across multiple regions.
“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,” said Michael Silvestro, CEO of Flexjet. “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.”
Flexjet has been the first fleet customer for several Embraer aircraft, including the Legacy Executive in 2003, the Phenom 300 in 2010, the Legacy 450 in 2016, and the Praetor 500 and Praetor 600 in 2019. The company has also played a role in key Embraer milestones, such as the delivery of the 100th Phenom 300 in 2012 and the 1,000th Embraer 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 the General Aviation Manufacturers Association (GAMA).
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