Embraer and Flexjet sign agreement valued at up to USD $7 billion, representing the largest firm order for both companies and reaffirming Flexjet's long-standing commitment to Phenom and Praetor jets

Core Insights - Embraer Executive Jets has entered into a significant purchase agreement with Flexjet, valued at up to USD $7 billion, marking the largest order in Flexjet's history and for Embraer's executive aircraft [2][6] - The agreement includes a fleet of Embraer business jets, specifically the Praetor 600, Praetor 500, and Phenom 300E models, along with enhanced services and support [1][6] Company Overview - Embraer has a long-standing partnership with Flexjet, dating back to 2003, and this agreement further solidifies their strategic relationship [3][4] - The Phenom 300 has been recognized as the most delivered light business jet globally for 12 consecutive years, showcasing Embraer's strong market position [4] Industry Context - Flexjet is a leader in the fractional jet ownership market and has a history of being the first fleet customer for several Embraer products, which has contributed to key milestones in Embraer's delivery history [4][7] - The new order will nearly double Flexjet's fleet size over the next five years, indicating significant growth in the private aviation sector [6]