The Embraer and NetJets agreement includes a comprehensive services and support package, with deliveries of the midsize jets expected to begin in 2025.
Embraer has signed a deal with NetJets, a leading private aviation company, for up to 250 Praetor 500 jet options, worth over US $5 billion. The agreement includes a comprehensive services and support package, with deliveries of the midsize jets expected to begin in 2025. This marks the first time NetJets will offer the Praetor 500 to customers.
NetJets has been operating Embraer’s Phenom 300 series for over a decade, with the partnership between the two companies starting in 2010 when NetJets signed a purchase agreement for 50 Phenom 300 aircraft, with up to 75 additional options. In 2021, the companies signed a continuing deal for up to 100 additional Phenom 300/E jets, in excess of $1.2 billion.
“Since 2010, Embraer has enjoyed NetJets’ ongoing commitment to our industry-leading aircraft, which is a true testament to the value of our brand and our ability to deliver the ultimate experience in business aviation,” said Michael Amalfitano, President and CEO, Embraer Executive Jets. “After building this successful foundation with the Phenom 300 series, it’s our pleasure to have now signed this monumental deal for the Praetor 500 midsize jet, and we look forward to an even more exciting future ahead,” he further added.
By signing this new agreement, NetJets shows its commitment to enhancing the customer experience and its trust in Embraer’s top-ranked support and industry-leading portfolio. The company is currently averaging over 1,200 worldwide flights per day. NetJets’ investment in the Praetor 500 is a significant step towards the future of private aviation. As the company continues to grow and provide exceptional service to its customers, the partnership with Embraer will undoubtedly play a crucial role.
“We are eager to add the Embraer Praetor 500, one of today’s most state-of-the-art business jets, to our midsize fleet,” said Doug Henneberry, Executive Vice President of Aircraft Asset Management, NetJets. “This historic fleet agreement is another way that we are growing our fleet for the benefit of our loyal customers. By adding up to 250 aircraft to our fleet, we will continue providing NetJets Owners with exceptional service and seamless access to all corners of the globe,” he further added.
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The Praetor 500 is known for its impressive range, speed, and runway performance, making it the most disruptive and technologically advanced midsize business jet in the world. It has full fly-by-wire flight controls, a feature that sets it apart from others in its category. It also offers exceptional comfort in the cabin, with the lowest cabin altitude in its class, the tallest and widest cross-section in its segment, a flat-floor cabin, stone flooring, a vacuum lavatory, and ample baggage space, including a fully enclosed internal baggage compartment.
