Brazil’s Embraer to Supply 250 Praetor 500 Jets to NetJets by 2025

In a significant development, Embraer, the Brazilian planemaker, has announced a major aircraft sales agreement with NetJets Inc, a subsidiary of Berkshire Hathaway. Under the deal, NetJets has committed to purchasing up to 250 units of Embraer’s Praetor 500 aircraft, with a total value estimated at $5 billion. The agreement was made through an options plan, solidifying the partnership between the two companies.

NetJets, a renowned U.S.-based provider of shared ownership for private business jets, is set to receive the first Praetor 500 jets starting in 2025. This latest deal signifies a significant milestone as it marks the first time that NetJets will offer this specific midsize business jet to its clientele. Previously, NetJets had acquired Embraer’s Phenom 300 jets.

Embraer also highlighted that the agreement encompasses a comprehensive service contract, showcasing the long-term commitment between the two parties.

With this strategic agreement in place, Embraer strengthens its position as a key player in the business aviation market, while NetJets expands its portfolio of high-quality aircraft offerings to meet the evolving demands of its discerning customers.

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