Embraer announced on 11 May a huge deal in its executive aviation division, the sale of 250 Praetor 500 jets to NetJets, from the US, in an agreement that could exceed US$ 5 billion.
With Warren Buffet as one of its partners, NetJets is considered the largest company in executive aviation services, with a large fleet of aircraft, including the Embraer Phenom 300, of which it owns 120 jets.
The midsize Praetor 500, however, is a first for NetJets. According to Embraer, deliveries will begin in 2025.
Offering charter services, fractional purchase and leasing of executive aircraft, the company based in Columbus, Ohio, performs an average of 1,200 flights per day.
“After building this successful foundation with the Phenom 300 series, it’s our pleasure to have now signed this monumental deal for the Praetor 500 midsize jet, and we look forward to an even more exciting future ahead,” said Michael Amalfitano, President and CEO of Embraer Executive Jets.
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“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.
The Praetor 500 is an evolution of the Legacy 450, capable of carrying up to nine passengers. It is powered by Honeywell HTF7500E engines and can fly distances of up to 3,340 nautical miles (6,186 km) at a cruising speed of 863 km/h.
