Embraer Executive Jets and NetJets have signed an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders. At current list prices, this addition to the contract is worth US$89.55m, which will be included in the backlog of the fourth quarter of 2014. In October 2010, a purchase agreement was signed for 50 firm and 75 options. The total value of the deal may exceed US$1bn, if all options are exercised.
“The Phenom 300’s market acceptance continues to grow in the fractional and corporate markets, having recently become the most delivered business aircraft,” said Marco Pellegrini, president and CEO, Embraer Executive Jets.
Embraer has delivered 36 Signature Series Phenom 300s to NetJets. These aircraft operate in the NetJets fleet, with fractional owners in the USA and Europe. Deliveries of the 10 additional aircraft are scheduled to begin in January 2016.
“The Signature Series Phenom 300 is an outstanding light jet and the fastest-selling aircraft ever in NetJets fleet,” said NetJets’ senior vice president of global asset management, Chuck Suma. “The Signature Series Phenom 300s are customized by adding special features, including advanced IFE; a custom cabin design including specially selected fabrics and materials; enhanced seating; broad spectrum lighting; and spacious storage features; as well as the most advanced avionics and technological features to ensure maximum safety, reliability and operating efficiency.”
The Phenom 300 has a range of 1,971 nautical miles with NBAA IFR reserves and six occupants. The model’s cabin was designed in partnership with BMW DesignworksUSA. Cabin highlights include a private lavatory; reclining seats; a 6,600ft maximum cabin altitude; distinct temperature zones for pilots and passengers; a wardrobe and refreshment center; voice and data communications options; and an IFE system.