Flexjet orders $1.4 billion private jets from Embraer Executive Jets

Flexjet Embraer Praetor

Flexjet’s order includes 64 Praetor 500s and 600s, plus the best-selling Phenom 300

As it prepares its expansion into Europe, Directional Aviation’s Flexjet announced today it has placed a $1.4 billion firm order with Embraer Executive Jets for 64 of the Praetor mid-and super midsized aircraft and Phenom 300 light jets.

Embraer Executive Jets President and Chief Executive Officer Michael Amalfitano and Flexjet Chief Executive Officer Michael Silvestro made the announcement at the 2019 National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.

Silvestro said the first Praetor 500 will enter its fleet in the next several weeks. He said Flexjet will announce at EBACE next year details on which aircraft will be based in Europe.

Day 1 at NBAA: Embraer announces two new private jets; Honeywell predicts $251 billion in new deliveries in the next 10 years

Embraer announced the Praetor 500 and 600 midsize and super-midsize jets, while Honeywell’s Global Business Aviation Outlook forecasts up to 7,700 new business jet deliveries worth $251 billion through 2028

 

On the eve of the National Business Aviation Association’s (NBAA) annual convention being held here in Orlando, Honeywell released its 27th Global Business Aviation Outlook calling for “strong growth in the short to medium term, supported by several new airplane models coming to market and an improved used aircraft environment.” The new forecast predicts 7,700 new business jet deliveries worth $251 billion during the next decade. Earlier in the day at a hangar at Orlando Executive Airport, Embraer announced it was launching two new business jets, the Praetor 500 and 600. 

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