NetJets in major Phenom buy

Fractional ownership scheme NetJets has announced an agreement with Embraer for it to purchase 50 Phenom 300 business jets and 75 options in a deal that could exceed more than US$1bn (A$1.01bn).

The order will see the launch of the Phenom 300 Platinum Edition, which will be developed to meet the needs of NetJets’ fractional share owners, with deliveries of the new aircraft to start in 2013.

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