NetJets inked a deal worth more than $5 billion for up to 250 Embraer Praetor 500s along with “comprehensive services and support,” the companies announced late Thursday. Deliveries of the fly-by-wire midsize jets are expected to start in 2025, Embraer said.
“The new agreement signifies NetJets' commitment to creating an enhanced customer experience and trust in Embraer’s industry-leading portfolio and customer support,” the companies said in a joint statement.
This latest order builds on the partnership Embraer and NetJets started in 2010, when the fractional provider signed an agreement for 50 Phenom 300s and options for 75 more. In 2021, the companies forged a continuing deal for up 100 additional Phenom 300Es worth more $1.2 billion. To date, NetJets has accepted more than of the 120 Embraer light jets and added that the model is one of the most requested aircraft by its customers.
“We are eager to add the Embraer Praetor 500, one of today’s most modern business jets, to our midsize fleet,” said Doug Henneberry, executive v-p of NetJets Aircraft Asset Management. “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.”
Powered by a pair of Honeywell HTF7500E turbofan engines, the nine-passenger Praetor 500 has an NBAA IFR range of 3,450 nm and an Mmo of Mach 0.83. It offers a flat-floor cabin, vacuum lavatory, and 150-cu-ft of baggage space, including an enclosed internal baggage compartment. Avionics are a Collins Aerospace suite.