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Investing.com - Flexjet, a global leader in fractional jet ownership, has signed an agreement with Embraer Executive Jets valued at up to $7 billion, the companies said on Wednesday.
This agreement includes a firm order for 182 aircraft, options for an additional 30 jets, and an enhanced suite of services and support, marking the largest order in the history of both companies.
"“We are delighted with Flexjet’s renewed commitment to Embraer through this comprehensive purchase agreement, which strengthens even further our strategic partnership of over 20 years,” Michael Amalfitano, President & CEO, Embraer Executive Jets said in a press release.
The deal represents a significant milestone for Embraer, a major player in the aerospace industry, and for Flexjet, which has accepted delivery of over 150 Embraer aircraft since 2003.
The partnership first began when Flight Options, which merged with Flexjet in 2015, introduced the Legacy executive jet into their fractional ownership program.
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