Embraer, Flexjet sign agreement valued at up to $7B

Embraer (ERJ) Executive Jets, a division of Embraer, announced a purchase agreement with Flexjet. The agreement comprises a fleet of Embraer business jets, which includes the Praetor 600, Praetor 500 and Phenom 300E models, as well as an enhanced suite of services and support. The agreement is valued at up to $7B at current list prices. This is the largest order placed by Flexjet in its 30-year history and is also the largest firm order for Embraer’s executive aircraft. With the order, Flexjet reaffirms its longstanding commitment as Embraer’s first fleet customer for Praetor jets and now introduces the improved new generation of the Phenom 300E model to its growing global portfolio.