Embraer Executive Jets Delivers 25th Phenom 300 to NetJets
Embraer Executive Jets delivered today the 25th Phenom 300 to NetJets, a Berkshire Hathaway company. A Purchase Agreement for 50 Phenom 300, plus 75 options, was signed in October 2010. The total value of the deal may exceed USD 1 billion, if all options are exercised.
“We are absolutely delighted with this delivery to NetJets, just over a year after the first Phenom 300 joined their fleet,” said Marco Túlio Pellegrini, President & CEO, Embraer Executive Jets. “The Phenom 300 was the most delivered business aircraft in 2013, and we are thrilled with its success among NetJets’ customers.”
Commercial Aircraft Leasing
The aircraft delivered today is the 200th Phenom 300 manufactured by the Company. The delivery ceremony took place at the Embraer assembly facility in Melbourne, Florida, where this aircraft was produced. Over 70 Phenom jets have been assembled in Melbourne, and delivered primarily to customers in the North American market. The Phenom 300 is in service in over 25 countries.
“The Signature Series™ Phenom 300 is our best-selling aircraft right now and a core part of our NetJets fleet,” said Chuck Suma, Senior Vice President of Global Asset Management, Global Procurement, and Global Process Improvement, NetJets Inc. “In fact, it is selling so well that we have asked Embraer to accelerate the delivery schedule, which will add four additional jets this year. By the end of 2014, we will have 35 Signature Series™ Phenom 300s in our fleet.”
The Melbourne facility began operations in 2011, with the assembly of the Phenom 100, and the first aircraft was delivered in December of the same year. Production of the Phenom 300 at this facility began in August 2012, and the first delivery took place in December of the same year. The balance of NetJets’ Phenom 300 order, in addition to any options exercised, will also be produced in Melbourne.
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Source : Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ)