Embraer Executive Jets Delivers 25th Phenom 300 to NetJets

  Embraer Executive Jets Delivers 25th Phenom 300 to NetJets

  Delivery accounts for half of the firm orders placed by NetJets as part of
                      their Signature Series investment

Business Wire

MELBOURNE, Fla. -- July 25, 2014

Embraer Executive Jets delivered today the 25^th Phenom 300 to NetJets, a
Berkshire Hathaway company. A Purchase Agreement for 50 Phenom 300, plus 75
options, was signed in October 2010. The total value of the deal may exceed
USD 1 billion, if all options are exercised.

“We are absolutely delighted with this delivery to NetJets, just over a year
after the first Phenom 300 joined their fleet,” said Marco Túlio Pellegrini,
President & CEO, Embraer Executive Jets. “The Phenom 300 was the most
delivered business aircraft in 2013, and we are thrilled with its success
among NetJets’ customers.”

The aircraft delivered today is the 200^th Phenom 300 manufactured by the
Company. The delivery ceremony took place at the Embraer assembly facility in
Melbourne, Florida, where this aircraft was produced. Over 70 Phenom jets have
been assembled in Melbourne, and delivered primarily to customers in the North
American market. The Phenom 300 is in service in over 25 countries.

“The Signature Series™ Phenom 300 is our best-selling aircraft right now and a
core part of our NetJets fleet,” said Chuck Suma, Senior Vice President of
Global Asset Management, Global Procurement, and Global Process Improvement,
NetJets Inc. “In fact, it is selling so well that we have asked Embraer to
accelerate the delivery schedule, which will add four additional jets this
year. By the end of 2014, we will have 35 Signature Series™ Phenom 300s in our
fleet.”

The Melbourne facility began operations in 2011, with the assembly of the
Phenom 100, and the first aircraft was delivered in December of the same year.
Production of the Phenom 300 at this facility began in August 2012, and the
first delivery took place in December of the same year. The balance of
NetJets’ Phenom 300 order, in addition to any options exercised, will also be
produced in Melbourne.

About NetJets

NetJets® Inc., a Berkshire Hathaway® company, is the worldwide leader in
private aviation with the largest and most diverse private jet fleet in the
world. More information on NetJets, NetJets Europe, the Marquis Jet Card, and
Executive Jet Management is available at www.netjets.com.

Contact:

NetJets
Chris Herbert, +1-614-282-2736
Global Manager, Public Relations
cherbert@netjets.com
 
Press spacebar to pause and continue. Press esc to stop.