Embraer has partnered with NetJets in a deal worth over $5 billion for up to 250 Praetor 500 jets, reflecting its strong position in the business aviation market and commitment to sustainable practices.
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Embraer, a leader in the aerospace industry, is set to showcase its innovative portfolio of executive jets at the 2023 European Business Aviation Convention & Exhibition (EBACE2023) in Geneva, Switzerland, taking place from May 23-25, 2023. The company will highlight three of its noteworthy aircraft: the Phenom 300E, recognized as the world’s best-selling light jet for 11 consecutive years; and the Praetor 500 and Praetor 600, which are regarded as the most revolutionary midsize and super-midsize business jets in the market.
With a growing demand for its executive jets, Embraer has established a backlog extending into 2025. Recently, the company struck a major deal with NetJets, providing up to 250 options for the Praetor 500 jet. This agreement, valued at over $5 billion, demonstrates NetJets’ confidence in Embraer’s advanced product offerings and commitment to customer service excellence.
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Industry Overview in Switzerland
The Swiss business aviation market exhibits a robust landscape, supported by a stable economy and a high standard of living. Switzerland serves as a vital hub for international business and finance, which drives the d
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Transaction Size: $5,000M