NBAA Convention News

Embraer pockets VLJ orders of at least $22M

 - September 25, 2007, 4:31 PM

Embraer booked more orders here yesterday. Executive AirShare of Kansas City, Mo., has added to an order it placed in May, signing for an additional three Phenom 100s (with options on three more) and two Phenom 300s (with options on two more). The order in May was for seven Phenom 100s and options on seven more.

The total value of the new agreement is $22.24 million and could double if all options are exercised.

The first Phenom 100 is scheduled for delivery in the third quarter of 2010, and the first Phenom 300 will be delivered in the second quarter of 2011.

Indianapolis-based Eagle Creek Aviation Services firmed up options it took on five Phenom 100s as part of an October 1996 contract, taking its firm order to 21 aircraft. The conversion of the options is worth $14.9 million to Embraer. Eagle Creek Aviation Services, an aircraft sales, management and maintenance provider, will receive its first Phenom 100 at the end of next year.