NetJets Inc., the largest fractional-ownership fleet in the world, has signed a deal with Embraer for 100 Phenom 300s. The order, worth in excess of $1.2 billion, includes a comprehensive services agreement.
“We are pleased to have signed this significant deal with NetJets, as our strategic partnership has been an integral part of Embraer’s success for over a decade,” Michael Amalfitano, president and CEO of Embraer Executive Jets said Monday.
“NetJets is recognized worldwide for the excellence of its operations and for providing an outstanding customer experience, so this continuing deal is an endorsement to the quality of our product and standards in performance, technology, comfort, and support.”
Doug Henneberry, executive vice president of aircraft asset management at NetJets, Inc, says the deal is a continuation of a solid relationship.
“For years, the Embraer Phenom 300 has been an integral part of the NetJets fleet,” he said. “With this order for the Phenom 300E, we continue to provide our owners with the exceptional travel experiences they have come to expect, as well as continue our significant partnership with Embraer.”
The Phenom 300, a seven-passenger light jet, is one of the most requested aircraft in the NetJets fleet. The company will begin taking delivery of the Phenom 300E in the second quarter of 2023, in both the U.S. and Europe.
NetJets first signed a purchase agreement with Embraer in 2010, for 50 Phenom 300 executive jets plus up to 75 options.