And Not Just A Few. The Deal Is For 125 Phenom 300 Platinum
Edition Jets
NetJets and Embraer announced Monday that they have completed a
purchase agreement to add up to 125 Platinum Edition Phenom 300s
into the NetJets fleet. Embraer said the deal could top $1
billion.
Phenom 300 Platinum Edition
The Platinum Edition aircraft, designed
exclusively for NetJets, will feature technology and comforts based
on the requirements of the NetJets fractional share Owners. This
announcement is the first step in the execution of a 10-year fleet
plan that will provide the company’s fractional jet Owners
with the fleet options, safety, service and reliability they have
come to expect from the worldwide leader in private aviation.
“No one is more confident about the future of private
aviation than NetJets," said company chairman and CEO David L.
Sokol. "We continue to be guided by our vision to strengthen our
leadership position by delivering extraordinary safety and service
to our Owners. We are pleased to be in a strong position in our
industry and proud to be announcing this order for an exceptional
aircraft that our Owners will value for years to come.”
Owner research and a comprehensive view of flight patterns and
service requirements contributed to the decision to select the
Phenom 300. In addition, an extensive analysis was conducted at
NetJets by multiple, cross-disciplinary teams representing flight
crews, maintenance, flight operations, safety, sales, finance and
owner services. “This is a high performance aircraft that is
ideally suited to our Owners’ needs for reliability, range,
interior comfort and operating efficiency,” said David Sokol.
“It will be an excellent fit in an already diverse fleet that
is unmatched in private aviation.”
“Embraer is indeed pleased and honored to have been
selected by NetJets, a company recognized worldwide for the
excellence of its operations and for an outstanding customer
experience, to develop and deliver the Phenom 300 Platinum
Edition,” said Embraer President and CEO Frederico
Curado.
“The bottom line is that no one knows more about the needs
and operational requirements of private aircraft Owners than
NetJets,” added David Sokol. “We are really excited
about the Platinum Edition because its customized design elements
reflect our nearly 25 years of experience in Fractional Business
Jet Ownership serving the needs of thousands of businesses and
individuals that have told us exactly what they want in a light
cabin jet.”
The Phenom 300 Platinum Edition will be developed by Embraer in
cooperation with NetJets. The jets will feature technology and
comforts based on the requirements of the NetJets fractional share
Owners. Deliveries of the new aircraft are scheduled to begin in
2013 and will be executed in accordance with ongoing fleet
management plans.
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