Embraer has signed a deal with NetJets, a leading private aviation company, for up to 250 Praetor 500 jet options, worth over US $5 billion. The agreement includes a comprehensive services and support package, with deliveries of the midsize jets expected to begin in 2025. This marks the first time NetJets will offer the Praetor 500 to customers.
NetJets has been operating Embraer’s Phenom 300 series for over a decade, with the partnership between the two companies starting in 2010 when NetJets signed a purchase agreement for 50 Phenom 300 aircraft, with up to 75 additional options. In 2021, the companies signed a continuing deal for up to 100 additional Phenom 300/E jets, in excess of $1.2 billion.