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Forum » North America Flight Deck Forums » [US/Can] Corporate & Fractionals

Flight Options to order 100 Embraer jets

Author	Message
Written on: 07. 12. 07 [16:15]
coffeeplease Board FO Moderator Topic creator registered since: 31.10.2007 Posts: 71	According news reports the order is worth about 740m US$... Maybe a sign for positive change at Flight Options?
	Profile
Written on: 07. 12. 07 [17:54]
blounge Board SO registered since: 16.11.2007 Posts: 9	Did it say what type they ordered? Legacy or Phenom?
blounge Board SO registered since: 16.11.2007 Posts: 9	Profile
Written on: 07. 12. 07 [19:49]
coffeeplease Board FO Moderator Topic creator registered since: 31.10.2007 Posts: 71	They have ordered the Phenom's: Here is what Bloomberg says: ---------------------- Embraer Wins $746 Million Order From Flight Options (Update2) Dec. 3 (Bloomberg) -- Empresa Brasileira de Aeronautica SA won a $746 million order for its Phenom executive jet from Flight Options LLC, its biggest ever for the model as the company seeks to diversify from commercial aircraft. Cleveland-based Flight Options ordered 100 Phenom 300 corporate jets and acquired options for an additional 50 aircraft, Sao Jose dos Campos, Brazil-based Embraer said today in an e-mailed statement. The value will increase to $1.12 billion if the options are exercised. Embraer also signed a deal valued at more than $200 million to maintain and support the aircraft. The six-seat Phenom 100 and the nine-seat Phenom 300 are helping Embraer, the world's fourth- largest planemaker, reduce dependence on commercial jets. Total deliveries will rise to as much as 215 next year and 350 in 2009, from 170 this year, aided by the Phenom, Embraer said last month. Embraer's shares rose 11 centavos, or 0.6 percent, to 19.71 reais in Sao Paulo. The stock has dropped 11 percent this year. Flight Options offers leasing and fractional ownership of business jets. The company also offers trips in private jets through its membership program. Europe's Airbus SAS is the world's largest planemaker, followed by Boeing Co. in Chicago and Canada's Bombardier Inc. ---------------------------------
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