NetJets Orders 50 Phenom 300s

Embraer announced that fractional provider NetJets has signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal may be worth more than $1 billion (U.S.). The aircraft, which the Brazilian manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition. Embraer said that it has signed “comprehensive” maintenance support agreements to provide a broad scope of logistics, material and maintenance services for the NetJets Phenom 300s in North America and Europe.

The Phenom 300, which can accommodate up to 11 people, has a range of 1,971 nm and can fly 453 ktas. At NetJets, the largest fractional provider, the aircraft joins a fleet that includes 13 business jet models.