Valued at up to $1.4 billion, this deal was included in the 2019 second quarter backlog, with deliveries starting in the fourth quarter of 2019. With this purchase agreement, Flexjet becomes Embraer’s Praetor fleet launch customer.
“We are very grateful for Flexjet’s renewed commitment to Embraer through this new agreement, which reflects the growth and the strength of our partnership over the past 16 years and symbolizes our ongoing support for their journey ahead,” said Michael Amalfitano, president & CEO, Embraer Executive Jets.
He added: “Flexjet Owners will appreciate and enjoy a truly elevated customer experience in industry-leading aircraft, including the recently certified Praetor jets, which are different by design and disruptive by choice.”
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 into its fleet.
Offering customers a large cabin experience at super-midsize, economics allowed Flight Options to serve more customers even better than before, while also supporting the company’s growth via Embraer’s high utilisation, reliable aircraft design.
“We are proud to introduce the Praetor jets to the fractional marketplace and make technologically advanced midsize and super-midsize aircraft available to Flexjet Owners,” said Michael Silvestro, Flexjet CEO. “This order also represents the longstanding trust we have in Embraer and in their enhanced commitment to support the growth of our programs and of our partnership with industry-leading business jets.”
The Praetor 500 and the Praetor 600 have both received FAA, EASA and ANAC certifications less than one year after they were first announced.
The Praetor 500 surpassed certification goals, achieving an intercontinental range of 3,340 nautical miles with four passengers and NBAA IFR Reserves. Its sibling, the Praetor 600 has intercontinental range of 4,018 nautical miles.