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NetJets converts Phenom 300 options into firm orders

NetJets, the world’s largest business aircraft operator, has converted 10 of its 75 Embraer Phenom 300 options into firm orders at a cost to the US company of around $90 million. Deliveries are set to begin in January 2016.

The Berkshire Hathaway-owned fractional ownership firm signed a contract in 2010 for up to 125 of the light business jets – including 50 firm orders – as part of a multi-billion dollar top-to-tail overhaul of its 500 strong fleet.

The Phenom 300 is the entry-level product for NetJets’ European and US programmes.

So far 36 aircraft have been delivered, each equipped with the company’s customised Signature Series interior.

According to NetJets senior vice-president of global asset management Chuck Suma, the seven-seat Phenom 300 is the company’s “fastest-selling aircraft ever”.

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