LAS VEGAS, Oct. 21, 2019 /PRNewswire/ -- Embraer
announced today a purchase agreement with Flexjet, a global leader
in private jet travel. The deal comprises a fleet of Embraer
business jets, which includes the recently certified Praetor jets
and the Phenom 300. The announcement was made during a press
conference at the 2019 National Business Aviation Association's
Business Aviation Convention and Exhibition (NBAA-BACE), which is
being held through October 24, in
Las Vegas, Nevada.
Valued at up to USD 1.4 billion,
at current list prices, 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. "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 utilization, 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."
Flight Options introduced the Phenom 300 into its fractional
program in 2010, receiving Embraer's 100th milestone
Phenom 300 in 2012, the first year in which the aircraft became the
best-selling light jet. For the seventh consecutive year, the
Phenom 300 has been the most delivered light business jet,
according to GAMA (General Aviation Manufacturers Association).
Also according to GAMA data, the Phenom 300 was the only business
jet to reach the mark of 500 deliveries in the last decade.
Flexjet became the first fractional provider to offer the Legacy
500, in September 2015. In fact,
Flexjet took delivery of Embraer's 1,000th executive
jet, a Legacy 500, in April 2016. The
Legacy 450 joined the Legacy 500 in Flexjet's Red Label fleet in
August of that year, and both models became the first fly-by-wire
Flexjet aircraft, offering performance and capabilities of larger
aircraft with midsize economics.
About the Praetor Jets
The Praetor 500 and the Praetor 600, both of which have received
FAA, EASA and ANAC certifications less than one year after they
were first announced at NBAA-BACE 2018, are the most
technologically advanced aircraft in their categories. The Praetor
500 surpassed certification goals, achieving an intercontinental
range of 3,340 nautical miles (6,186 km) with four passengers and
NBAA IFR Reserves.The Praetor 500 is the farthest- and
fastest-flying midsize jet, capable of true North America corner-to-corner, nonstop
flights, such as Miami to
Seattle or Los Angeles to New
York. Its sibling, the Praetor 600, is the farthest-flying
super-midsize jet in the world, capable of nonstop flights from
Paris to New York or São Paulo to Miami. With four passengers and NBAA IFR
Reserves, the Praetor 600 has intercontinental range of 4,018
nautical miles (7,441 km).
The Embraer DNA Design interior eloquently explores every
dimension of the Praetor jets cabin, which feature a six-foot-tall,
flat-floor cabin, stone flooring and a vacuum service lavatory, all
in the same aircraft. The class-exclusive Turbulence Reduction
technology and 5,800-foot cabin altitude, complemented by a whisper
silent cabin, have set the highest standards in customer experience
in both the midsize and super-midsize categories. The largest
baggage compartment in the class is complemented by a generous
wardrobe and a full vanity in the rear private lavatory.
Advanced technology throughout the cabin is also a trait of the
Embraer DNA Design, beginning with the industry-exclusive Upper
Tech Panel that displays flight information and offers cabin
management features also available on personal devices through
Honeywell Ovation Select. High-capacity, ultra high-speed
connectivity for all aboard is available through Viasat's Ka-band,
with speeds of up to 16Mbps and video streaming capability, another
industry-exclusive in midsize jets.
Follow us on Twitter: @Embraer
About Flexjet
Flexjet first entered the fractional jet ownership market in
1995. Flexjet offers fractional jet ownership and leasing.
Flexjet's fractional aircraft program is the first in the world to
be recognized as achieving the Air Charter Safety Foundation's
Industry Audit Standard, is the first and only company to be
honored with 20 FAA Diamond Awards for Excellence, upholds an
ARG/US Platinum Safety Rating and is IS-BAO compliant at Level 2.
Flexjet's fractional program fields an exclusive array of business
aircraft—some of the youngest in the fractional jet industry, with
an average age of approximately six years. In 2015, Flexjet
introduced Red Label by Flexjet, which features the youngest fleet
in the industry, flight crews dedicated to a single aircraft and
the LXi Cabin Collection of interiors. To date there are more than
30 different interior designs across its fleet, which includes the
Challenger 350, the Embraer Legacy 450, Global Express, the
Gulfstream G450, G500 and G650,
and the Aerion AS2 supersonic business jets. In addition, the
overall jet collection includes the Embraer Phenom 300 and
Bombardier Challenger 300. Flexjet is a member of the Directional
Aviation family of companies. For more details on innovative
programs and flexible offerings, visit https://www.flexjet.com
or follow us on Twitter @Flexjet and on
Instagram @FlexjetLLC.
Contact:
Nicholas Parmelee
The Hubbell Group, Inc.
216-406-5602 (mobile)
781-878-8882 (office)
nparmelee@hubbellgroup.com
About Embraer Executive Jets
Embraer is one of the world's leading executive jet
manufacturers, having entered the business aviation market in 2000
with the Legacy jet, which led to the launch of Embraer Executive
Jets in 2005. Its portfolio, among the broadest in the market,
consists of the entry-level Phenom 100EV and the light Phenom 300E
jet, the medium cabin Legacy 450 and Legacy 500, the midsize
Praetor 500 and super-midsize Praetor 600, the large Legacy 650E,
and the ultra-large Lineage 1000E. Embraer Executive Jets' global
fleet exceeds 1,300 aircraft, which are in operation in more than
70 countries and are supported by the Company's global Customer
Support and Services network of over 70 owned and authorized
service centers, complemented by a 24/7 Contact Center, at its
headquarters, in Brazil. For more
information, please visit executive.embraer.com.
About Embraer
A global aerospace company headquartered in Brazil, Embraer celebrates its 50th
anniversary with businesses in Commercial and Executive aviation,
Defense & Security and Agricultural Aviation. The company
designs, develops, manufactures and markets aircraft and systems,
providing Services & Support to customers after-sales.
Since it was founded in 1969, Embraer has delivered more than
8,000 aircraft. On average, about every 10 seconds an aircraft
manufactured by Embraer takes off somewhere in the world,
transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150
seats and the main exporter of high value-added goods in
Brazil. The company maintains
industrial units, offices, service and parts distribution centers,
among other activities, across the Americas, Africa, Asia
and Europe.
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SOURCE Embraer S.A.