Embraer, NetJets Ink New Deal For Up To 100 Additional Phenom 300 Series Aircraft

by Akanksha Bakshi, Benzinga Editor

October 11, 2021 3:59 PM | 1 min read |

Embraer SA ERJ and NetJets, Inc. have signed a continuing deal for up to 100 additional aircraft (Phenom 300E), valued in excess of $1.2 billion.
NetJets will begin taking delivery of the Phenom 300E in the second quarter of 2023 in both the U.S. and Europe.
NetJets first signed a purchase agreement with Embraer in 2010 for 50 Phenom 300 executive jets plus up to 75 options.
"We are pleased to have signed this significant deal with NetJets, as our strategic partnership has been an integral part of Embraer's success for over a decade," said Michael Amalfitano, President & CEO of Embraer Executive Jets.
Price Action: ERJ shares are trading higher by 4.25% at $18.78 on the last check Monday.

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