Massive $7 Billion Agreement Between Embraer and Flexjet Doubles Fleet Commitment

Groundbreaking Agreement between Embraer and Flexjet

In a landmark move, Embraer Executive Jets has entered into a monumental purchase agreement with Flexjet valued at a staggering $7 billion, making it the largest order ever placed by the fractional jet ownership leader. This partnership underscores Flexjet's unwavering commitment to Embraer and highlights their strategic relationship that has flourished over two decades.

Key Details of the Agreement

The purchase agreement encompasses a fleet of Embraer jets including the Praetor 600, Praetor 500, and the Phenom 300E models. Furthermore, the deal consists not only of a firm order for 182 aircraft but also an additional 30 options, significantly boosting Flexjet's operational capabilities. With this order, Flexjet aims to nearly double its fleet size within the next five years.

Michael Amalfitano, the President and CEO of Embraer Executive Jets, expressed immense enthusiasm about the renewed partnership, stating, "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."

Historical Context

The collaboration between Embraer and Flexjet dates back to 2003, when Flight Options, which later merged with Flexjet, became the inaugural fractional ownership program to introduce the Legacy executive jet into the market. Throughout the years, this partnership has evolved, leading to the increasing presence of Embraer jets in Flexjet's global fleet.

Flexjet’s CEO, Michael Silvestro, commented on this historic order, highlighting their long-standing relationship with Embraer by stating, "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."

Praetor and Phenom Jets: The Backbone of Flexjet’s Fleet

Flexjet’s history features prominent connections with numerous Embraer products, such as the Legacy Executive in 2003, the Phenom 300 in 2010, and the Praetor 500 and 600 in 2019. The success of these aircraft is reflected in their exceptional performance, particularly in the case of the Praetor jets, which are recognized for their advanced technology and efficiency.

The latest addition, the Phenom 300E, has solidified its reputation in the aviation industry as the best-selling light jet globally for an impressive 12 consecutive years. This is a testimony to the aircraft's operational versatility and unparalleled comfort.

Looking Ahead

As Flexjet embarks on this ambitious fleet expansion, the company will benefit from Embraer’s dedication to innovation, efficiency, and customer support. With remarkable operational capabilities from both the Praetor and Phenom series, Flexjet is well-positioned to redefine private air travel.

This agreement marks not only a significant milestone for Flexjet but also reinforces the brand’s commitment to providing top-notch service and luxurious travel experiences to its clientele.

For more detailed information about Embraer Executive Jets, visit executive.embraer.com. Likewise, for Flexjet details, visit flexjet.com.