Secures record USD 7 billion deal with Flexjet for 182 Jets

This substantial order is set to nearly double Flexjet's fleet over the next five years.

Flexjet headquarters in Richmond Heights, Ohio, USA, founded in 1995. Recognized for its commitment to safety, Flexjet has received multiple awards, including the FAA’s Diamond Award of Excellence for Aviation Maintenance, which it earned for the 23rd consecutive year in 2022. Photo: CJRobe, Wikipedia, CC BY-SA 4.0

Embraer, the Brazilian aerospace manufacturer, has secured its largest-ever deal with Flexjet, a leading fractional jet ownership company. agreement, valued at up to $7 billion, encompasses the purchase of 182 business jets, including the Praetor 600, Praetor 500, and Phenom 300E models, along with options for an additional 30 aircraft.

Details of the Agreement

This substantial order is set to nearly double Flexjet's fleet over the next five years,

underscoring t company's commitment to expaing its services. The agreement also includes a comprehensive services and support package from Embraer's Executive Jets dion, ensuring the maintenance and operational efficiency of the new aircraft.

Historical partnership

Flexjet relationship with Embraer dates back to 2003, when the company introduced the Legacy Executive jet into its fleet. Since then, Fle has been the first fleet customer for multiple Embraer models, including the Phenom 300 and Praetor series, highlighting a long-standing and successful partnership between the two companies.

Market impact

Following the auncement of this record-breaking order, Embraer's shares experienced a significant surge, reaching a 17-year high. The stock closed at $45.75, marking the highest level since February 2008, and reflecting investor confidence in the company's growth prospects.

300 aircrafts

Flexjet, established in 1995 as a division of Bombardier Aerospace, is a leading provider of fractional jet ownership, leasing, and jet card services. As of February 2025, Flexjet operates a fleet of over 300 aircraft. This is according to Private Jet Card Comparisons. The company offers a diverse fleet, including models such as the Gulfstream G650, Gulfstream G450, Praetor 600, Challenger 350/3500, Praetor 500, Phenom 300, and Sikorsky S-76. Flexjet operates in North America and Europe, providing clients with flexible and personalized private aviation solutions.

Financial performance

In 2023, Flexjet's UK subsidiary reported a 7% increase in revenue, reaching £40.9 million (approximately $53.7 million). This growth was accompanied by a reduction in losses, indicating improved financial health.

What is fractional ownership?

Fractional ownership is a system where multiple individuals or businesses share ownership of a high-value asset, such as a private jet, yacht, or luxury property. Each owner purchases a percentage share, granting them access to the asset for a certain amount of time per year. This model reduces costs compared to full ownership while offering more convenience than traditional rentals. In private aviation, fractional ownership programs, like those offered by Flexjet and NetJets, provide access to a fleet of aircraft with professional management, maintenance, and crew services.