BNDES provides $167 million for Flight Options
Banco Nacional de Desenvolvimento Econômico e Social (BNDES) will provide $167 million to finance the deliveries of Phemom 300s to Flight Options, the second largest fractional jet operator in the US.
Banco Nacional de Desenvolvimento Econômico e Social (BNDES) will provide $167 million to finance the deliveries of Phemom 300s to Flight Options, the second largest fractional jet operator in the US.
This is the first time that the Brazilian development bank has financed a fractional aircraft company.
“We are pleased to enter into this landmark agreement with BNDES to help underwrite the acquisition of new Embraer Phenom 300 jet aircraft,” said Michael Silvestro, Flight Options Chief Executive Officer. “This financing agreement underscores the bank’s confidence in our financial stability, operating strength and future prospects. Demand from our private jet Owners and Members continues to improve, and the BNDES financing will facilitate our owners’ access to this extraordinary aircraft.”
Flight Options placed an order for one hundred Phenom 300 business jets in 2007, with an option to acquire 50 more.
