NetJets announced a deal with Embraer to acquire options for up to 250 Praetor 500 midsize jets—super midsize if you look at the cabin cross-section—including an agreement for services and support. The companies valued the transaction at more than $5 billion and expect to begin deliveries in 2025.
NetJets said the agreement will help it provide “an enhanced customer experience” as it conducts an average of 1,200 flights per day worldwide.
