One of the largest private jet transactions ever, they are now starting to take delivery.
NetJets and Embraer announced in 2023 they had agreed on a 250-unit transaction of the Praetor 500 mid-sized jet aircraft. This deal worked out to be about $20 million per unit, a 10-15% discount, and a total of over $5 billion. The agreement also includes comprehensive service and support. This will give NetJets priority treatment and pricing when it comes to regular scheduled service and required repairs.