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Thursday, October 21, 2021

NetJets Reaches Agreement with Embraer for Up to 100 Aircraft

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Private aviation supplier NetJets has signed a $1.2 billion deal with Embraer to acquire up to 100 Phenom 300 aircraft, NetJets announced.

The deal continues an original purchase agreement with Embraer signed in 2010, from which NetJets already had more than 100 Phenom 300 aircraft. The aircraft type has since become one of NetJets’ most requested, according to the company.

NetJets plans to start taking delivery of Phenom 300E aircraft from the new deal in the second quarter of 2023 in both the United States and Europe.

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