“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Embraer Delivers First Phenom 100 Very Light Jet
Brazilian manufacturer Embraer delivered its first Phenom 100 very light jet on December 31 at the company's Sao Jose dos Campos headquarters. The five-passenger twinjet was then flown to the U.S. by new owners James and Elizabeth Frost of Houston. The couple are pilots who successfully completed the Phenom 100 training syllabus and who plan to use the Phenom for business and family travel.