Tue, Oct 12, 2021
The Phenom Has Been A Favorite Of The Netjets Fleet, With 102 Of The Type
After record contract utilization by existing fractional owners, NetJets is going ahead with another purchase agreement similar to its 2010 deal with Embraer. Their newest agreement buys up to 100 additional Phenom 300 aircraft, in excess of $1.2 billion. Deliveries are expected to start in the second quarter of 2023 in the U.S. and Europe.
The Phenom has been a favorite of the NetJets fleet, with 102 of the type, a sizable proportion of their 760-strong total across all models.
“For years, the Embraer Phenom 300 has been an integral part of the NetJets fleet. With this order for the Phenom 300E, we continue to provide our Owners with the exceptional travel experiences they have come to expect, as well as continue our significant partnership with Embraer,” said Doug Henneberry, Executive Vice President of Aircraft Asset Management at NetJets, Inc.
While 2020 was not particularly kind to passenger airlines, business aviation has seen increased demand, with total flight hours set to close 2021 5% greater than their 2019 equivalent. The growing pains brought on by the influx of new owners came to a head last summer. In July, the company announced a number of changes aimed at maintaining its levels of service in the face of increased demand. Subsidiary company Executive Jet Management assisted in providing flex aircraft and crews when necessary, and NetJets paused new buyers of their Card Program.
New maintenance facilities in San Jose, Denver, and Dallas, increased dispatch reliability and shortened turnaround time. While owners of the world’s largest private fleet, the increasing demand for aircraft throughout their network was still outstripping supply. In 2020, they added more than 30 new jets, exhausted production capacity of some OEM partners, and paused aircraft disposals. For prospective customers hoping for a slot to open up on their waitlist, this could be just the news they’ve been waiting for.
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