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Embraer Delivers First NetJets Phenom 300

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Key Takeaways:

Embraer is making good on a potential $1 billion order from fractional ownership giant NetJets with the delivery yesterday of the first of up to 125 Phenom 300 light jets.

The delivery at Embraer’s new factory in Melbourne, Florida, represents the first airplane in a blockbuster deal signed in October 2010 that included 50 firm orders and 75 options for NetJets’ Signature Series Phenom 300s. The airplanes feature special paint schemes, advanced inflight entertainment systems and custom cabin designs. The Phenoms will join NetJets’ worldwide fleet of more than 700 light, midsize and large-cabin jets.

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