Embraer and Flexjet sign agreement valued at up to USD $7 billion, representing the largest firm order for both companies and reaffirming Flexjet's long-standing commitment to Phenom and Praetor jets
Embraer (NYSE: ERJ) has announced a historic purchase agreement with Flexjet, valued at up to USD $7 billion at current list prices. The deal includes a firm order of 182 aircraft and 30 options, comprising Praetor 600, Praetor 500, and Phenom 300E models, along with enhanced services and support.
This represents the largest order in Flexjet's 30-year history and the largest firm order for Embraer's executive aircraft. The agreement will nearly double Flexjet's fleet size in the next five years. Flexjet, which has been partnering with Embraer since 2003, has previously accepted delivery of more than 150 Embraer aircraft and has been the first fleet customer for multiple Embraer products, including the Phenom 300 in 2010 and the Praetor series in 2019.
Embraer (NYSE: ERJ) ha annunciato un accordo di acquisto storico con Flexjet, del valore fino a 7 miliardi di USD ai prezzi attuali di listino. L'accordo include un ordine fermo di 182 aerei e 30 opzioni, comprendendo i modelli Praetor 600, Praetor 500 e Phenom 300E, oltre a servizi e supporto migliorati.
Questo rappresenta il più grande ordine nella storia trentennale di Flexjet e il più grande ordine fermo per gli aerei executive di Embraer. L'accordo raddoppierà quasi la dimensione della flotta di Flexjet nei prossimi cinque anni. Flexjet, che collabora con Embraer dal 2003, ha precedentemente ricevuto più di 150 aerei Embraer ed è stato il primo cliente di flotta per diversi prodotti Embraer, inclusi il Phenom 300 nel 2010 e la serie Praetor nel 2019.
Embraer (NYSE: ERJ) ha anunciado un acuerdo de compra histórico con Flexjet, valorado en hasta 7 mil millones de USD a precios de lista actuales. El acuerdo incluye un pedido firme de 182 aeronaves y 30 opciones, que comprenden los modelos Praetor 600, Praetor 500 y Phenom 300E, junto con servicios y soporte mejorados.
Esto representa el mayor pedido en la historia de 30 años de Flexjet y el mayor pedido firme para los aviones ejecutivos de Embraer. El acuerdo casi duplicará el tamaño de la flota de Flexjet en los próximos cinco años. Flexjet, que ha estado asociándose con Embraer desde 2003, ha aceptado previamente la entrega de más de 150 aeronaves Embraer y ha sido el primer cliente de flota de varios productos de Embraer, incluido el Phenom 300 en 2010 y la serie Praetor en 2019.
엠브라에르 (NYSE: ERJ)는 플렉스젯과 최대 70억 달러에 달하는 역사적인 구매 계약을 발표했습니다. 이번 계약에는 프레이터 600, 프레이터 500, 피논 300E 모델을 포함한 182대의 항공기에 대한 확정 주문과 30개의 옵션이 포함되어 있으며, 향상된 서비스와 지원도 포함됩니다.
이는 플렉스젯의 30년 역사상 가장 큰 주문이며, 엠브라에르의 비즈니스 항공기 중에서도 가장 큰 확정 주문입니다. 이 계약은 향후 5년 이내에 플렉스젯의 플릿 규모를 거의 두 배로 늘릴 것입니다. 2003년부터 엠브라에르와 파트너십을 맺고 있는 플렉스젯은 이전에 150대 이상의 엠브라에르 항공기를 인도받았으며, 2010년 피논 300과 2019년 프레이터 시리즈를 포함한 여러 엠브라에르 제품의 첫 번째 플릿 고객이었습니다.
Embraer (NYSE: ERJ) a annoncé un accord d'achat historique avec Flexjet, d'une valeur pouvant atteindre 7 milliards USD aux prix actuels. Cet accord comprend une commande ferme de 182 avions et 30 options, incluant les modèles Praetor 600, Praetor 500 et Phenom 300E, ainsi que des services et un soutien améliorés.
Ceci représente la plus grande commande des 30 ans d'histoire de Flexjet et la plus grande commande ferme pour les avions d'affaires d'Embraer. L'accord va presque doubler la taille de la flotte de Flexjet dans les cinq prochaines années. Flexjet, qui collabore avec Embraer depuis 2003, a déjà reçu plus de 150 avions Embraer et a été le premier client de flotte pour plusieurs produits Embraer, y compris le Phenom 300 en 2010 et la série Praetor en 2019.
Embraer (NYSE: ERJ) hat eine historische Kaufvereinbarung mit Flexjet bekannt gegeben, die sich auf bis zu 7 Milliarden USD zu den aktuellen Listenpreisen beläuft. Der Vertrag umfasst eine feste Bestellung von 182 Flugzeugen und 30 Optionen, die die Modelle Praetor 600, Praetor 500 und Phenom 300E beinhalten, sowie verbesserte Dienste und Unterstützung.
Dies stellt die größte Bestellung in der 30-jährigen Geschichte von Flexjet und die größte feste Bestellung für Embraers Geschäftsflugzeuge dar. Die Vereinbarung wird die Flottengröße von Flexjet in den nächsten fünf Jahren nahezu verdoppeln. Flexjet, das seit 2003 mit Embraer zusammenarbeitet, hat zuvor die Lieferung von mehr als 150 Embraer-Flugzeugen akzeptiert und war der erste Flottenkunde für mehrere Produkte von Embraer, einschließlich des Phenom 300 im Jahr 2010 und der Praetor-Serie im Jahr 2019.
- Secured largest-ever firm order valued at up to USD $7 billion
- Firm order includes 182 aircraft plus 30 options
- Agreement will expand existing customer's fleet significantly over 5 years
- Strengthens 20-year strategic partnership with major customer Flexjet
- None.
Insights
This historic
The strategic significance extends beyond the immediate financial impact. This order reinforces Embraer's dominant position in the light jet segment, where their Phenom 300 has maintained market leadership for 12 consecutive years. The inclusion of multiple aircraft types in the order - from the light Phenom 300E to the super-midsize Praetor 600 - demonstrates Flexjet's confidence in Embraer's full product range and technological capabilities.
For Embraer, this agreement provides several key advantages:
- Enhanced production visibility and improved operational planning capabilities
- Strengthened position in the fractional ownership market segment
- Validation of their product strategy and technological investments
- Potential for significant aftermarket service revenue through the enhanced support package
The timing of this order is particularly strategic, as it positions Embraer to capitalize on the growing demand for private aviation services while providing Flexjet with the capacity to nearly double its fleet size over the next five years. This expansion trajectory aligns with the broader growth trends in the business aviation sector and validates the resilience of the fractional ownership model.
This comprehensive agreement demonstrates sophisticated strategic planning by both parties. For Flexjet, the deal provides several competitive advantages:
- Fleet optimization through standardization across aircraft types
- Operational efficiency through familiar maintenance procedures and pilot type ratings
- Enhanced market positioning in both North American and European markets
- Scalable growth capacity to meet increasing private aviation demand
The enhanced suite of services and support included in the agreement is particularly noteworthy, as it ensures operational reliability and service consistency across Flexjet's expanding fleet. This aspect becomes important as Flexjet plans to nearly double its fleet size over the next five years, requiring robust support infrastructure.
The cross-continental deployment strategy, evidenced by the Praetor 600's expansion from European to North American operations, showcases Flexjet's ability to leverage market-specific demands while maintaining operational efficiency. This multi-market approach positions them strongly against competitors in the fractional ownership space while providing flexibility to adjust to regional market dynamics.
- Flexjet reinforces its commitment to Embraer as first fleet customer for Praetor jets and introduces the improved Phenom 300E into its global portfolio
- New deal is valued at up to USD
$7 billion - With this historic order, Flexjet's fleet size will nearly double in the next five years
The agreement is valued at up to USD
"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 & 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 program to introduce the Legacy executive jet. This longstanding partnership has grown significantly 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. Since 2003, we have accepted delivery of more than 150 Embraer aircraft," said Michael Silvestro, CEO of Flexjet. "Both the Praetor 500 and Praetor 600 are high performers in the Flexjet fleet. Praetor 600 was so well accepted in
Flexjet has a history of being the first fleet customer for three Embraer products – 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. These aircraft have broken barriers in their respective classes, with the Phenom 300 being the most delivered light business jet in the world for 12 consecutive years, according to numbers released by GAMA (General Aviation Manufacturing Association). The Legacy 450 and Legacy 500 were both the first fly-by-wire aircraft in Flexjet's fleet, offering performance capabilities of larger aircraft with midsized economics.
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About Embraer Executive Jets
Embraer is empowering global aerospace through efficiency and innovation by creating tomorrow's world of bespoke private air travel today, utilizing industry-leading innovation, design, and technology – all the while incorporating sustainable and socially responsible practices. As a global company with more than 55 years in aerospace, Embraer delivers the ultimate experience in business aviation through aircraft that feature disruptive performance, technology, and comfort. Its portfolio consists of the Phenom 100EX entry jet, which offers unmatched cabin comfort, the highest levels of operational versatility and enhanced pilot-centric avionics; the Phenom 300E, the best-selling, most delivered light jet for the past 12 consecutive years, and most flown business jet; and the Praetor 500 and the Praetor 600, the most disruptive and technologically advanced midsize and super-midsize business jets, respectively. Every day, Embraer executive jets operate around the globe, supported by a strong, responsive customer support network that is top ranked in service across the industry. For more information, visit executive.embraer.com.
About Flexjet
Flexjet, a global leader in private aviation, first entered the fractional jet ownership market in 1995 and is about to celebrate its 30th anniversary. Flexjet offers fractional jet ownership and leasing and is the first in the world to be recognized as achieving the Air Charter Safety Foundation's Industry Audit Standard, is the first and only company to be honored with 25 FAA Diamond Awards for Excellence, upholds an ARG/US Platinum Safety Rating, a 4AIR Bronze Sustainable Rating and is certified at Stage 2 with IS-BAO. Red Label by Flexjet, a market differentiator, features an ultra-modern fleet, flight crews dedicated to a single aircraft and the LXi Cabin Collection of interiors. To date there are nearly 50 different interior designs across its fleet, which includes the Embraer Phenom 300, Praetor 500 and 600, Bombardier Challenger 350/3500 and the
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