Embraer Executive Jets has announced a purchase agreement with fractional jet ownership specialist Flexjet. The agreement comprises a fleet of Embraer business jets – including the Praetor 600, Praetor 500 and Phenom 300E models – as well as a suite of services and support. The agreement is valued at up to US$7bn at current list prices, including a firm order of 182 aircraft and 30 options.
It’s the largest order placed by Flexjet in its 30-year history and means the company’s fleet size will nearly double in the next five years. It’s also the largest firm order for Embraer’s executive aircraft. With the order, Flexjet reaffirms its long-standing commitment as Embraer’s first fleet customer for Praetor jets and now introduces the new generation of the Phenom 300E model to its growing global portfolio.
“We are delighted with Flexjet’s renewed commitment to Embraer through this comprehensive purchase agreement, which strengthens even further our strategic partnership of over 20 years,” said Michael Amalfitano, president and CEO, Embraer Executive Jets. “We are excited to continue offering Flexjet’s customers access to our market-leading Phenom jets and our Praetor jets, the best in their respective categories.”
The partnership between Embraer and Flexjet dates back to 2003, when Flight Options, which merged with Flexjet in 2015, became the first fractional ownership programme to introduce the Legacy executive jet. This long-standing partnership has grown over the years and continues today with a growing presence of Praetor 600, Praetor 500 and Phenom 300 series aircraft in Flexjet’s global fleet.
“Now in our 30th year at Flexjet, it seems fitting to extend our rewarding and long-term relationship with Embraer with this historic firm order,” said Michael Silvestro, CEO of Flexjet. “Since 2003, we have accepted delivery of more than 150 Embraer aircraft. Both the Praetor 500 and Praetor 600 are high performers in the Flexjet fleet. Praetor 600 was so well accepted in Europe, we opted to include it in our North American fleet in 2023, extending our Embraer fleet across two continents. And as the first fractional provider of the Praetor 500, our maintenance technicians and our pilots are intimately familiar with the aircraft and are looking forward to the continued growth of this fleet.”
Flexjet was the first fleet customer for the Legacy Executive in 2003, the Phenom 300 in 2010, the Legacy 450 in 2016, and the Praetor 500/Praetor 600 in 2019. Furthermore, Flexjet has helped Embraer to reach key milestones, such as the delivery of the 100th Phenom 300 in 2012 and the 1,000th Embraer executive jet, a Legacy 500, in 2016. The Legacy 450 and Legacy 500 were both the first fly-by-wire aircraft in Flexjet’s fleet.
