“[It’s] an enhanced and renewed opportunity for us to work long into the future, across all of our products,” said Michael Amalfitano, president and CEO of Embraer Executive Jets. The first delivery will take place with a Praetor 500 in about 3 to 4 weeks, and will total 64 aircraft at a 2019 cost of $1.4 billion. Michael Silvestro, CEO of Flexjet, indicated that the company was still determining what the mix would be between the new Praetor and the Phenom models that have been so successful at the fractional ownership program. “This is really a renewed commitment to a great partnership. Today we fly over 70 [Embraer] aircraft in the fleet…[the Legacy 450 has been] beating the [Cessna Citation] Latitude on almost every transaction where we go up against them,” said Silvestro, citing the combination of the aircraft’s capabilities and the service provided by Flexjet.