‘Signature Series’ Embraer Phenom 300s To Join NetJets Europe Fleet

 - May 21, 2013, 2:00 PM

NetJets Europe plans to operate Embraer Phenom 300s by early 2014, the two companies announced today at EBACE. Holding a firm order for 50 of the specially outfitted “Signature Series” light jets, NetJets took its first delivery on May 1 for its U.S. operations. Also holding options on another 75 of the Brazilian jets, NetJets has committed as much as $1 billion to the purchase and, according to NetJets Europe president and COO Mark Wilson, the planned investment in the European fleet will ensure proper economies of scale “in short order.”