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.
While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases, as well as jet cards, have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.