NetJets has signed a deal with Embraer for up to 250 Praetor 500 jet options. The deal, valued in excess of US$5bn, includes a comprehensive services and support agreement.
Deliveries are expected to begin in 2025. It will be NetJets’ first time offering the mid-size Praetor 500 to customers. For over a decade, NetJets has operated Embraer’s Phenom 300 series, which is one of its most requested aircraft.
The partnership between Embraer and NetJets began in 2010 when NetJets first signed a purchase agreement for 50 Phenom 300 aircraft, with up to 75 additional options. In 2021, after Embraer successfully delivered over 100 aircraft, the companies signed a continuing deal for up to 100 additional Phenom 300/E jets, in excess of US$1.2bn.
“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 of Embraer Executive Jets. “Our strategic partnership has been an integral part of our business growth, with NetJets taking all aircraft delivery options that have been ordered with Embraer since inception. 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 mid-size jet, and we look forward to an even more exciting future ahead.”
“We are eager to add the Embraer Praetor 500, one of today’s most state-of-the-art business jets, to our mid-size fleet,” said Doug Henneberry, executive vice president of NetJets Aircraft Asset Management. “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.”
Key features of the Praetor 500 include its flat-floor cabin, stone flooring, vacuum lavatory and baggage space, including a fully enclosed internal baggage compartment. Its range enables US coast-to-coast capability.