The meteoric sales pace set by Embraer for its new line of very light jets only gained more momentum at this year’s NBAA Convention, as the Brazilian manufacturer announced no fewer than three large orders worth $188 million at list prices during the first two days of the event.
The VLJ juggernaut showed no sign of slowing as Embraer landed another firm order for its line of very light jets, this time from Clearwater, Fla.-based Avantair for 20 Phenom 100s. Avantair CEO Steven Santo said he plans to accept delivery of the first airplane in June 2009, and take the balance of the order over the span of about two years. Embraer expects the Phenom 100 to earn FAA certification in mid-2008.
One year after Embraer announced that it was jumping into the VLJ and light jet markets with a capital commitment of more than $200 million, the company has built a solid order book for its Phenom 100 and Phenom 300 models. The latest major order before the NBAA Convention was announced last month when Embraer revealed that Houston-based Magnum Jet has placed a $137 million order for 50 Phenom 100s and options for 50 more.
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