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Embraer to sell up to 250 jets to NetJets in $5 billion deal


Embraer
ERJ,
+1.25%

said Thursday that it signed a $5 billion deal to sell up to 250 of its Praetor 500 jets to the operator of private aircraft NetJets.

The deal also includes a services and support agreement, the aerospace manufacturer said, adding that deliveries are expected to begin in 2025.

For over a decade, NetJets, a unit of Berkshire Hathaway
BRK.B,
-0.11%
,
has operated Embraer’s Phenom 300 series aircraft, but this would be the company’s first time offering the midsize Praetor 500 aircraft to customers.



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