SEO Title
NetJets Ups Firm Orders For Embraer Phenom 300
Subtitle
Latest agreement converts 10 options into firm orders valued at nearly $90 million.
Subject Area
Business Aviation
Channel
Aircraft
Teaser Text
Latest agreement converts 10 options into firm orders valued at nearly $90 million.
Content Body

NetJets has converted 10 options for Embraer Phenom 300s into firm orders, under an agreement valued at about $89.55 million. The original contract, announced in October 2010, included firm orders for 50 aircraft and options for up to 75 more. Embraer has delivered 36 of the 50 original firm orders to NetJets so far, with 14 left to go. Deliveries of the additional 10 Phenoms that have been converted to firm orders are set to begin in January 2016. If all 75 options are exercised, the value of the original agreement would exceed $1 billion.

Expert Opinion
False
Ads Enabled
True
AIN Story ID
AN112302014alerts
Writer(s) - Credited
Kerry Lynch
Content Label
Aircraft
Publication Date (intermediate)
AIN Publication Date
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