Embraer Delivers Milestone Phenom Family Jet to NetJets
By Business Wire News
SÃO JOSÉ DOS CAMPOS, Brazil
Embraer Executive Jets delivered today the 100th Phenom family jet produced in Melbourne, Fla., just over three years after the first aircraft rolled off this facility’s assembly line. The commemorative aircraft, a NetJets Signature Series Phenom 300, was delivered to NetJets® Inc., a Berkshire Hathaway company and will be part of the company’s European fleet.
Signature Series Phenom 300 at West Palm Beach
“The delivery of the 100th Phenom jet made in Melbourne confirms our customers’ appreciation for revolutionary aircraft, like the Phenom 300,” said Marco Túlio Pellegrini, President & CEO, Embraer Executive Jets. “We are very pleased to deliver this milestone Phenom 300 to NetJets, which underscores the value of our strategic partnership.”
NetJets and Embraer signed an original purchase agreement for 50 Phenom 300 firm orders and 75 options, in October 2010. The total value of the deal may exceed US$ 1 billion, if all options are exercised. In December 2014, an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders was signed by both parties. Embraer has now delivered 40 Signature Series Phenom 300 to NetJets. These aircraft operate in the NetJets fleet, with fractional owners in the U.S. and Europe.
“The Signature Series™ Phenom 300 has proven itself to be a success in meeting our expectations, and more importantly, the expectations of our customers,,” said Chuck Suma, Senior Vice President of Global Asset Management, NetJets Inc. “The Phenom 300 is the best-selling aircraft in our fleet, and as we accept delivery of our 40th jet, we look forward to continue to bring them into our fleet.”
The Phenom 300 is in operation in the corporate and fractional markets, having become the most delivered business aircraft in 2014, for the second consecutive year. The Phenom 300 has accrued a 57% market share in the light jet category, just five years after entering into service.
The Melbourne facility began operations in 2011, with the assembly of the Phenom 100, and the first aircraft was delivered in December of the same year. Production of the Phenom 300 at this facility began in August 2012, and the first delivery took place in December of the same year.
NetJets® Inc., a Berkshire Hathaway® company, is the worldwide leader in private aviation with the largest and most diverse private jet fleet in the world. NetJets began in 1964 as the first aircraft charter and management company in the world. In 1986, NetJets pioneered the concept of fractional aircraft ownership – offering individuals and businesses all of the benefits of whole aircraft ownership and more, at a fraction of the cost. Today, NetJets offers a full range of private aviation solutions through its programs in North America and Europe, including NetJets Shares™, NetJets Leases™ and the Marquis Jet Card®, which provides access to NetJets through a 25-hour jet card.
The North America program is managed and operated by NetJets’ subsidiary NetJets Aviation, Inc., and the European program is managed and operated by NetJets Transportes Aereos, SA, a Portuguese/EU Air Carrier. In the United States, NetJets also offers aircraft management and on-demand charter services through its subsidiary, Executive Jet Management, Inc. Subject to obtaining relevant regulatory approvals, NetJets will also offer aircraft management and charter services in China through NetJets China Business Aviation Limited, a joint venture between NetJets and a consortium of Chinese investors. The NetJets companies offer worldwide flight operations. More information on NetJets, NetJets Europe, the Marquis Jet Card, and Executive Jet Management is available at www.netjets.com.
About the Phenom 300
The Phenom 300 performs among the top light jets, with a high speed cruise of 453 knots and a six-occupant range of 1,971 nautical miles (3,650 km) with NBAA IFR reserves. This range allows nonstop flights from Miami to Telluride, or Los Angeles to Orlando. With the best climb and field performance in its class, the Phenom 300 costs less to operate and maintain than its peers. The aircraft is capable of flying at 45,000 feet (13,716 meters), powered by two Pratt & Whitney Canada PW535E engines with 3,200 pounds of thrust each.
The Phenom 300 offers a spacious cabin, designed in partnership with BMW Designworks USA, and the largest baggage compartment in its category. The largest windows in the class deliver abundant natural lighting in the cabin as well as in the private lavatory in the back of the aircraft. The comfort of the seats, with recline and full movement capability, is enhanced by the best pressurization among light jets (6,600 ft. maximum cabin altitude). The Phenom 300 features distinct temperature zones for pilots and passengers, a wardrobe and refreshment center, voice and data communications options, and an entertainment system.
The pilot-friendly cockpit enables single-pilot operation and offers the advanced Prodigy Touch Flight Deck option. The features it carries from a class above include single-point refueling, externally serviced lavatory, and an air stair.
About Embraer Executive Jets
Embraer is one of the world’s leading executive jet manufacturers, having entered the business aviation market in 2000 with the Legacy jet, which led to the launch of Embraer Executive Jets in 2005. Its portfolio, the broadest in the market, consists of the entry-level Phenom 100E and the Phenom 300 light jet, the Legacy 500 midsize and Legacy 450 mid-light, the super midsize Legacy 600 and large Legacy 650, and the ultra-large Lineage 1000E. Completing ten years in the market, Embraer Executive Jets’ global fleet exceeds 850 aircraft, which are in operation in more than 60 countries and are supported by the Company’s global Customer Support and Services network of close to 75 owned and authorized service centers, complemented by a 24/7 Contact Center, at its headquarters, in Brazil. For more information, please visit www.embraerexecutivejets.com.
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Note to Editors
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest manufacturer of commercial jets up to 130 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.netjets.com.
This document may contain projections, statements and estimates regarding circumstances or events yet to take place. These projections and estimates are based largely on current expectations, forecasts of future events and financial trends that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that relate to, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations of industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are intended to identify potentialities. Embraer does not undertake to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results may therefore differ substantially from those previously published as Embraer expectations.
Chris Herbert, 614-849-7357
Global Manager, Public Relations