financetom
Business
financetom
/
Business
/
Embraer Executive Jets to Sell up to 182 Aircraft to Flexjet in Deal Valued at $7 Billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Embraer Executive Jets to Sell up to 182 Aircraft to Flexjet in Deal Valued at $7 Billion
Feb 5, 2025 5:30 AM

08:11 AM EST, 02/05/2025 (MT Newswires) -- Embraer S.A ( ERJ ) unit Embraer ( ERJ ) Executive Jets signed a deal valued at up to $7 billion with Flexjet to buy up to 182 aircraft, with options for an additional 30 aircraft, the companies said Wednesday.

The deal includes Praetor 600, Praetor 500, and Phenom 300E jets, along with service and support enhancements, the companies said.

The order is the largest in Flexjet's history and is expected to nearly double its fleet over five years, according to the joint statement.

Flexjet has taken delivery of over 150 Embraer ( ERJ ) aircraft since 2003, the companies added.

Shares of Embraer ( ERJ ) were up 7.9% in recent Wednesday premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Rectitude Holdings to Raise $8 Million in IPO
Rectitude Holdings to Raise $8 Million in IPO
Jun 21, 2024
08:50 AM EDT, 06/21/2024 (MT Newswires) -- Rectitude Holdings (RECT) said Friday that it has priced its initial public offering $4 per ordinary share to raise $8 million. The company said its ordinary shares were approved for listing on the Nasdaq Capital Market and will begin trading Friday under the ticker symbol RECT. The underwriter was granted a 45-day option...
Starr Peak Mining Identifies New Drill Targets at NewMetal in Quebec
Starr Peak Mining Identifies New Drill Targets at NewMetal in Quebec
Jun 21, 2024
08:59 AM EDT, 06/21/2024 (MT Newswires) -- Starr Peak Mining ( STRPF ) said Friday that it has identified several untested geochemical soil anomalies on its NewMetal property in the Abitibi Greenstone Belt of Quebec, near the town of Normetal. An analysis returned base and precious metal anomalies over new areas, the company said. Among the areas identified, three areas...
Royal Helium Continues Helium Sales; Shares Fell Nearly 13% on Thursday
Royal Helium Continues Helium Sales; Shares Fell Nearly 13% on Thursday
Jun 21, 2024
08:54 AM EDT, 06/21/2024 (MT Newswires) -- Royal Helium ( RHCCF ) said on Friday that it continued the 12th and 13th helium trailer sales this week at its Steveville helium purification facility near Brooks, Alberta. The company said it continues to ramp up production at Steveville towards nameplate capacity of 15 million cubic feet of raw gas per day....
--Micron Chipmaking Factory Construction Delayed by Endangered Bat Problem, Syracuse.com Reports
--Micron Chipmaking Factory Construction Delayed by Endangered Bat Problem, Syracuse.com Reports
Jun 21, 2024
08:55 AM EDT, 06/21/2024 (MT Newswires) -- Price: 139.71, Change: -4.48, Percent Change: -3.11 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved