Embraer Secures Record $7 Billion Order from Flexjet

Embraer SA ( (ERJ) ) just unveiled an announcement.

Embraer Executive Jets announced a historic agreement with Flexjet, valued at up to $7 billion, marking the largest firm order in both companies’ histories. The deal includes a fleet of 182 aircraft with 30 options, featuring Embraer’s Praetor and Phenom models, and is set to nearly double Flexjet’s fleet over the next five years. This agreement strengthens a longstanding partnership that began in 2003 and underscores Flexjet’s commitment to Embraer’s innovative jet offerings. This substantial order positions Embraer prominently in the executive jet market, reinforcing its industry leadership and enhancing its strategic ties with a key partner. The announcement reflects significant growth potential for both companies, with implications for stakeholders as Flexjet expands its global fleet and Embraer continues to deliver cutting-edge aviation solutions.

More about Embraer SA

Embraer is a global aerospace company known for its innovative and efficient executive jets. The company’s portfolio includes the Phenom 100EX and Phenom 300E light jets, as well as the technologically advanced midsize and super-midsize Praetor 500 and 600 jets. Embraer is recognized for its commitment to sustainability and customer service excellence across the industry. Flexjet is a leader in private aviation, offering fractional jet ownership and leasing. Celebrating its 30th anniversary, Flexjet is notable for its industry-first achievements in safety and service, with a diverse fleet that includes Embraer and other leading aircraft models.

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Current Market Cap: $7.58B

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