NetJets, the business airline offering fractional shareholding and jet leasing, management, and maintenance services, is taking options for up to 500 new Embraer aircraft, estimated at more than $5 billion. The deliveries would begin in 2025.
The new order includes a comprehensive services and support agreement for the new aircraft.
The carrier has been operating Embraer jets since 2010, with more than 100 Phenom 300 series aircraft in its fleet, but the new order represents the first time it will deploy the Praetor 500 jet.
The Praetor 500 is one of two upgraded models Embraer introduced in 2018, for seven to nine passengers and operated by a two-man crew.
Embraer claims the midsized Praetor 500 has U.S. coast-to-coast capability (a range of 3,250 nautical miles), with speed and “unparalleled runway performance,” along with the tallest and widest cabin cross-section in the business aircraft sector.
“We are eager to add the Embraer Praetor 500, one of today’s most state-of-the-art business jets, to our midsize fleet,” stated NetJets EVP Doug Henneberry. “This historic fleet agreement is another way that we are growing our fleet for the benefit of our loyal customers.
“By adding up to 250 aircraft to our fleet, we will continue providing NetJets Owners with exceptional service and seamless access to all corners of the globe,” he added.
