Flexjet places $1.4 billion order with Embraer
Flexjet, the US-based fractional operator, has placed a $1.4 billion order with Embraer for a group of of its business jets.
Although the order has not been broken down by aircraft types, it includes Phenom 300s, Praetor 500s and Praetor 600s. Additionally, Flexjet will convert its remaining Legacy 450 orders into Praetor 500 orders.
The firm made the announcement in Las Vegas today, ahead of the start of the National Business Aviation Administration’s Business Aviation Convention & Exhibition (NBAA-BACE).
“The spirit of innovation at Embraer keeps us coming back time and again because it dovetails perfectly with our commitment to provide the youngest, most modern fleet to our Owners,” said Michael Silvestro, CEO, Flexjet. “These aircraft are sure to be crowd-pleasers with their extraordinarily long range and impressive speed for aircraft of their size.”
Flexjet says that it has placed the order due to strong customer demand for the Phenom 300 and Legacy 450s that the company currently operates. The company ordered an unspecified number of Legacy 450 and Legacy 500s in 2015, following the cancellation of Bombardier’s LearJet 85 program, which Flexjet had ordered.
So far, the company has taken delivery of just over 20 Legacy 450s and a handful of the larger Legacy 500s.
Embraer introduced the Praetor 500 and Praetor 600 as developments from the Legacy 450 and Legacy 600 in 2018.
“The Praetors are the most technologically advanced and most disruptive aircraft, created to dominate the mid- and super-midsized business jet market,” said Michael Amalfitano , president & CEO, Embraer Executive Jets. “And we couldn’t be more delighted that industry innovator Flexjet, our partner for more than a decade, is making the most modern aircraft available to its Owners.”