Farnborough Air Show

First Phenoms Sold

 - November 16, 2006, 11:45 AM

Embraer yesterday announced that it sold its first Phenom business jets in the Middle East as part of a three-aircraft deal with Kuwaiti VIP charter operator United Aviation. The contract comprises a Phenom 100 and Phenom 300, as well as a single midsize Legacy 600.  At list price, the sale would bring $33.1 million.

Under the contract’s delivery schedule, the Legacy 600 would arrive at its new home in Kuwait in October. The Phenom jets, which seat between eight and nine passengers, would arrive some time between 2008 and 2010, Embraer said.

United Aviation’s owner, KIPCO Group, manages $15 billion in holdings throughout the Middle East and North Africa. It holds substantial ownership stakes in 55 countries within the region and internationally.