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Flexjet said it has taken delivery of its first Embraer Praetor 500. It is part of a $1.4 billion order announced in October with Embraer Executive Jets. The order includes the Praetor 500 and 600 aircraft and Phenom 300 light jets.
Flexjet is the fleet launch customer for the Praetor 500, expanding its fleet of midsized aircraft. It is also the North American launch customer for the Gulfstream G700.
Flexjet says it is seeing “major increases among those flying privately over the holidays, with travel reaching record levels over Thanksgiving and continuing its growth during the holiday season.”
The company, which has been in the news for its recent separate billion-dollar aircraft orders from Embraer and Gulfstream – on the same day – may need more private jets sooner rather than later.
NetJets may be the largest private jet operator in the world, but its current turf in terms of where it draws customers is largely focused on the U.S. and Europe.
Now, according to a report in The National, a UAE-based newspaper, NetJets will open a regional sales office in Dubai in the first quarter of 2020.
A billion dollars here. A half-billion or so there. It is Las Vegas after all. As the National Business Aviation Association’s annual convention kicks off here, Flexjet followed up its morning announcement it is buying $1.4 billion in private jets from Embraer by placing an order to be the North American launch customer for the Gulfstream G700.
(Updated Oct. 23, 2019: Flexjet’s order is for 16 G700s valued at $1.2 billion)
Flexjet’s chairman Kenn Ricci wasn’t the only CEO playing at the high stakes table. Akbar Al Baker, CEO of Qatar Airways, is buying 10 of the new ultra-long-range, ultra-fast private jets for his Qatar Executive charter division. It follows a billion-dollar order with the Savannah, Georgia-based manufacturer in July.
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.
