February 21, 2024
In the first major announcement to lead off the annual National Business Aviation Association Conference, NetJets has ordered 100 light jets. The deal is valued at $1.2 billion, according to the OEM.
NetJets already operates around 100 Embraer Phenom 300s. It will begin taking delivery of the Phenom 300E in the second quarter of 2023.
The light jets will fly for both its U.S. and European programs.
NetJets first signed a purchase agreement with Embraer in 2010. It included 50 Phenom 300 executive jets plus up to 75 options.
“For years, the Embraer Phenom 300 has been an integral part of the NetJets fleet. With this order for the Phenom 300E, we continue to provide our owners with the exceptional travel experiences they have come to expect, as well as continue our significant partnership with Embraer,” said Doug Henneberry, Executive Vice President of Aircraft Asset Management at NetJets, Inc.
“NetJets is recognized worldwide for the excellence of its operations and for providing an outstanding customer experience, so this continuing deal is an endorsement to the quality of our product and standards in performance, technology, comfort, and support,” said Michael Amalfitano, President & CEO of Embraer Executive Jets.
NetJets suspended sales of its jet card programs over the summer. It came against record demand and industry operations and supply chain issues.
At that time, it also stopped selling shares and leases in its Phenom 300 and Citation XLS programs.
It has since reiterated it plans to return to the jet card market.
Elite Jets, GrandView Aviation, Flexjet, Magellan Jets, Nicholas Air, and OneFlight International all offer jet cards featuring the Phenom 300.
NetJets’ current Phenom 300s are configured with six seats in the passenger cabin, although others have up to eight seats. No word on if there will be any changes.
