125 Embraer Phenom 300 Aircraft For NetJets

Embraer and NetJets, Inc. have signed a Purchase Agreement for 50 Phenom 300 executive jets, plus 75 options which has a total value of more than US$ 1 billion, at current list price.

Frederico Fleury Curado, Embraer President and CEO, said “Embraer is indeed pleased and honored to have been selected by NetJets, a company recognized worldwide for the excellence of its operations and for an outstanding customer experience, to develop and deliver the Phenom 300 Platinum Edition,” adding that “This new partnership is both a gratifying achievement for Embraer and a strong endorsement of our executive jets business. We share NetJets’ vision for the promising future of executive aviation and see the Phenom 300 in a strong position to meet the increasingly demanding requirements for comfort, economics, performance, and reliability.”

The Phenom 300 Platinum Edition will be developed by Embraer in cooperation with NetJets, the pioneer and world leader in business jet fractional ownership. The jet will feature technology and comfort based on the requirements of NetJets’ fractional share Owners. Deliveries of the new aircraft are scheduled to begin in 2013.

Model of the Phenom 300 (2006 photo)

David L. Sokol, NetJets’ Chairman and CEO, said “NetJets is making an investment in the future, and we continue to be guided by our vision to maintain our leadership position by delivering extraordinary safety and service to our Owners,” adding “We are pleased to be in a strong position in our industry and proud to be announcing this order with Embraer for the Platinum Edition Phenom 300, a high performance aircraft that is ideally suited to our Owners’ needs for reliability, range, interior comfort and operating efficiency.”

This sale further establishes the success and acceptance of the Phenom 300 in the executive aviation market. The Phenom 300 jets will join NetJets’ existing worldwide fleet of over 800 light, midsize, and large-cabin aircraft. In conjunction with the sale, NetJets and Embraer have signed comprehensive maintenance support agreements providing a broad scope of logistics, material and maintenance services for the new fleet in both the North American and European markets.

Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets, said “On behalf of our entire Embraer team, I would like to thank NetJets for the confidence they have expressed in our ability to provide the high levels of service and support their business demands,” adding “We look forward to building a long-term relationship with this market leading customer.” Additional details of the transaction and undisclosed contractual conditions, which are not available for release at this time, are to be met by January 2011, when the order will be added to the Company’s backlog.





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