NetJets Signs $5B Deal for Up To 250 Embraer Praetor 500s

NetJets has inked a deal worth more than $5 billion for up to 250 Embraer Praetor 500s along with “comprehensive services and support,” the companies recently announced. Deliveries of the fly-by-wire midsize jets are expected to start in 2025, Embraer said.

This latest order builds on the partnership Embraer and NetJets started in 2010 when the fractional provider signed an agreement for 50 Phenom 300s and options for 75 more. In 2021, the companies forged a continuing deal for up to 100 additional Phenom 300Es worth more than $1.2 billion. To date, NetJets has accepted more than 120 of the Embraer light jets, which it says is one of the most requested aircraft by its customers.

Powered by a pair of Honeywell HTF7500E turbofan engines, the nine-passenger Praetor 500 has a range of 3,450 nautical miles. It offers a flat-floor cabin, vacuum lavatory, and 150 cubic feet of baggage space, including an enclosed internal baggage compartment.