NetJets and Embraer have announced a $5bn deal for up to 250 Praetor 500 jet options
Deliveries are expected to begin in 2025, Embraer said, and will see NetJets add the Praetor to the Embraer Phenom 300 series it has offered since 2010.
“Our strategic partnership has been an integral part of our business growth, with NetJets taking all aircraft delivery options that have been ordered with Embraer since inception. After building this successful foundation with the Phenom 300 series," said said Michael Amalfitano, president and chief executive of Embraer Executive Jets.
“We are eager to add the Embraer Praetor 500, one of today’s most state-of-the-art business jets, to our midsize fleet,” said Doug Henneberry, executive vice president of NetJets Aircraft Asset Management.
"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," Henneberry added.