Embraer Executive Jets announced today that AirSprint, Inc., a privately held fractional aircraft ownership company based in Calgary, Alberta , signed a purchase agreement for up to 12 Legacy 450, which consists of two firm orders with expected delivery in Q4 2016 and 10 purchase options with initial delivery dates starting in Q1 2017. This agreement has an estimated value of USD 198 million at the current list price, if all options are exercised.
The announcement was made at the opening of the Canadian Business Aviation Convention and Exhibition (CBAA). The firm orders of this purchase agreement have been included in the Company's second quarter backlog. Deliveries of the Legacy 450 to AirSprint will begin as soon as the aircraft is awarded type certification by Transport Canada Civil Aviation (TCCA), which is expected to occur in the fourth quarter.
"This order to renew Canada's largest fractional aircraft fleet with the Legacy 450 is a remarkable beginning to our relationship with AirSprint, and an important milestone of our growth in the Canadian market," said Marco Tulio Pellegrini , President & CEO, Embraer Executive Jets. "AirSprint customers will be the first in the country to benefit from the true innovations that the Legacy 450 brings in terms of comfort, performance, efficiency, and availability."
"The Legacy 450 is an exciting and important addition as we grow and evolve our fleet of aircraft," said James Elian , President and COO of AirSprint. "AirSprint is proud to play a role in the personal and professional lives of successful Canadians. Our Fractional Owners trust us daily to take them, their colleagues, and their loved ones to places of work and leisure. With the addition this Fall of the Legacy 450, we will be able to enhance their experience by providing faster, non-stop access to further away destinations, all with a level of comfort and luxury not previously available. We are thrilled to offer this new level of service to our Owners."
AirSprint and Embraer Executive Jets are both in attendance of CBAA, which opened today and concludes tomorrow, with the Phenom 300 on static display at Calgary International Airport, alongside the Legacy 500, which is the Legacy 450's larger sibling.
Source: Embraer S.A.
Date: Jul 6, 2016