Flexjet indicators $1.4bn deal to turn into Praetor launch buyer | Information

Embraer has signed a purchase order settlement with Flexjet, a worldwide chief in personal jet journey.

The deal contains a fleet of Embraer enterprise jets, which incorporates the lately licensed Praetor jets and the Phenom 300.

The announcement was made throughout the Nationwide Enterprise Aviation Affiliation’s Enterprise Aviation Conference & Exhibition, which is being held in Las Vegas.

Valued at as much as US$1.four billion, at present listing costs, this deal was included within the 2019 second quarter backlog, with deliveries beginning within the fourth quarter of this yr.

With this buy settlement, Flexjet turns into Embraer’s Praetor Fleet launch buyer.

“We’re very grateful for Flexjet’s renewed dedication to Embraer by way of this new settlement, which displays the expansion and the power of our partnership over the previous 16 years and symbolises our ongoing help for his or her journey forward,” stated Michael Amalfitano, chief government, Embraer Govt Jets.

“Flexjet homeowners will admire and luxuriate in a very elevated buyer expertise in industry-leading plane, together with the lately licensed Praetor jets, that are totally different by design and disruptive by selection.”

The partnership between Embraer and Flexjet dates again to 2003, when Flight Choices, which merged with Flexjet in 2015, turned the primary fractional possession program to introduce the Legacy Govt jet into its fleet. 

“We’re proud to introduce the Praetor jets to the fractional market and make technologically superior midsize and super-midsize plane obtainable to Flexjet homeowners,” stated Michael Silvestro, Flexjet chief government.

“This order additionally represents the longstanding belief we’ve in Embraer and of their enhanced dedication to help the expansion of our packages and of our partnership with industry-leading enterprise jets.”

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