Flexjet has entered a groundbreaking purchase agreement with Embraer for up to USD $7 billion, consisting of 182 firm orders and 30 options for various aircraft models, set to nearly double its fleet size over the next five years.

Information on the Target

Flexjet, a prominent player in the private aviation sector, has solidified its position as the first fleet customer for Embraer’s Praetor jets by announcing a significant purchase agreement. This move includes a firm order for 182 aircraft, along with options for an additional 30, which will collectively enhance Flexjet's global portfolio and contribute to the near doubling of its fleet size within the next five years. The incorporation of the advanced Phenom 300E model, along with the Praetor 600 and Praetor 500, marks a substantial evolution for Flexjet as it expands its offerings to fractional owners.

This unprecedented agreement is valued at up to USD $7 billion, establishing it as the largest transaction in Flexjet’s 30-year history and Embraer Executive Jets’ largest order to date. The deal reaffirms the long-standing collaboration between Flexjet and Embraer, showcasing their mutual commitment to delivering high-performance aircraft to the private aviation market.

Industry Overview in the Target's Specific Country

The private aviation industry in the United States has experienced robust growth driven by increasing demand for convenient and flexible travel solutions. As the world’s largest market for private jets, the U.S. benefits from a well-developed infrastructure of airports and