NetJets places order for up to 250 Embraer Praetor 500s worth over 5$ billion

To continue providing reliable global access and exceptional service to current NetJets Owners and their guests, NetJets has signed a new deal with Embraer for up to 250 Praetor 500 jet options, which includes a comprehensive services and support agreement. The deal is valued in excess of US $5 billion, with deliveries expected to begin in 2025, and will be NetJets’ first time offering the midsize Praetor 500 to customers. For over a decade, NetJets has operated Embraer’s Phenom 300 series—one of NetJets’ most requested aircraft.

The partnership between Embraer and NetJets began in 2010 when NetJets first signed a purchase agreement for 50 Phenom 300 aircraft, with up to 75 additional options. In 2021, after Embraer successfully delivered over 100 aircraft, the companies signed a continuing deal for up to 100 additional Phenom 300/E jets, in excess of $1.2 billion.

With this new agreement, NetJets signifies not only its commitment to creating an enhanced customer experience as the company is averaging over 1,200 worldwide flights per day but also its trust in Embraer’s industry-leading portfolio and top-ranked support to deliver the ultimate experience to NetJets customers.

“Since 2010, Embraer has enjoyed NetJets’ ongoing commitment to our industry-leading aircraft, which is a true testament to the value of our brand and our ability to deliver the ultimate experience in business aviation,” said Michael Amalfitano, President and CEO of Embraer Executive Jets. “Our strategic partnership has been an integral part of our business growth, with NetJets taking all aircraft delivery options that have been ordered with Embraer since inception. After building this successful foundation with the Phenom 300 series, it’s our pleasure to have now signed this monumental deal for the Praetor 500 midsize jet, and we look forward to an even more exciting future ahead.”

“We are eager to add the Embraer Praetor 500, one of today’s most state-of-the-art business jets, to our midsize fleet,” said Doug Henneberry, Executive Vice President of NetJets Aircraft Asset Management. “This historic fleet agreement is another way that we are growing our fleet for the benefit of our loyal customers. By adding up to 250 aircraft to our fleet, we will continue providing NetJets Owners with exceptional service and seamless access to all corners of the globe.”

The Praetor 500 is the world’s most disruptive and technologically advanced midsize business jet, boasting an impressive best-in-class range—enabling U.S. coast-to-coast capability—industry-leading speed, and unparalleled runway performance. In terms of technology, it’s the only aircraft in its category with full fly-by-wire flight controls.

Not only does the Praetor 500 offer exceptional performance but it also offers one of the most comfortable cabin experiences. It features the lowest cabin altitude in its class, as well as the tallest and widest cross section in the segment. Additionally, it offers a flat-floor cabin, stone flooring, a vacuum lavatory, and ample baggage space, including a fully enclosed internal baggage compartment.


credit: Embraer and NetJets Instagram

https://executive.embraer.com/global/en/news?slug=1207197-embraer-and-netjets-announce-deal-for-up-to-250-praetor-500-jets-in-excess-of-us-5-billion

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dang thats uhh…alot of lil embraers lmao

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Yes, yes, yes! My seat lock is up in 2025. Just in time for deliveries. May end up bidding Captain on the Praetor.

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but…how about global 7500 those are sweet! btw, what is a seat lock?

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This cockpit is another story! So sleek and modern. I’m in heaven!

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My dad could bid for it. He hopes they get the 600 due to the range and large cabin pay. If they don’t he’s going to bid for the longitude

And there will for sure be more

When netjets buys things it goes big

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Looks like we all know what the next bizjet to join the IF fleet will be 🤣

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I was hoping for the 600 as well as it’d ultimately replace the Challenger 650s, but it doesn’t appear that way. The 500 still falls under MTOW 40,000lbs so its still small cabin pay which is unfortunate. To which I complain the 350 has a MTOW of 40,600lbs yet I’m still on small cabin pay. humbug

But my question stands, does the Praetor 500 replace the aging Citation XLS and Sovereign or is it ultimately an addition to the company fleet and they’re looking at other options for those two fleets?

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I don’t think netjets is going to get rid of any aircraft anytime soon. My question is is what is their next option? The latitude is having engine troubles which aren’t helping the situation

Latitudes are starting to come back which is a good thing. But I’m not sure. Dassault and Gulfstream are out of the question. Neither company will sell aircraft at less then MSRP. Greedy buggers. So we likely won’t see a mass order from either of them. Bombardier won’t sell the 3500 for a bulk price cheaper than what NetJets and Bombardier tried negotiating. Until Bombardier comes down in price, we won’t see any more 350s or 3500s on order. Too expensive.

I think in due time and the receptiveness of the Praetor 500 we could ultimately see the Praetor 600 replace the Challenger 650s because we need something in that 4000nm range market. The 650 is the only aircraft we have at the moment that fulfills that “Large Cabin Entry level” market.

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can the praetors come to OGG?

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I really hope they get the 600, would be really cool to see my dad in it

They can. I think if I read correctly its got a 75nm shorter range. But can still make the crossings

This is a good link to compare the Challenger 350 and Praetor 500

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Sidesticks 🤢

jk it’s kinda nice

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What’s your seniority number? My dad is curious

Total: 2387

On the Challenger 350: 38 of 145. 73.8% Senior

Feb. 2022 hire

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Cool, I guess we will see the Praetor in game around 2025 as well then if you get a type rating. 🤣

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Well I guess Embraer likely won’t have to worry about breaking even in the Praetor program.

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Yup. Yup Yup Yup. Agreed.

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