NJA orders 50 Phenom 300s

[BoilerUP]

I'd imagine this will be a popular fractional airplane, especially with its maintenance intervals double that of Cessna's offerings.

NetJets Orders 50 Phenom 300s

By: Jeff Burger
October 18, 2010
Business Aviation Aircraft, Fractional, Rotating Banner
Embraer announced that fractional provider NetJets has signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal may be worth more than $1 billion (U.S.).

The aircraft, which the Brazilian manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition. Embraer said that it has signed “comprehensive” maintenance support agreements to provide a broad scope of logistics, material and maintenance services for the NetJets Phenom 300s in North America and Europe.

The Phenom 300, which can accommodate up to 11 people, has a range of 1,971 nm and can fly 453 ktas. At NetJets, the largest fractional provider, the aircraft joins a fleet that includes 13 business jet models.

 

[OPECJet]

Good to see some planning ahead. Now if they'd sell shares and get us back to work we'd have good reason to celebrate.

 

[shanes123]

Heard Uncle Warren got them at a good discount after Uncle Kenns Check bounced

 

[gunfyter]

Heard Uncle Warren got them at a good discount after Uncle Kenns Check bounced

I don't think so.... These are not to be delivered until 2013. I would think kenn is still on the hook for whatever he ordered.

 

[shanes123]

I don't think so.... These are not to be delivered until 2013. I would think kenn is still on the hook for whatever he ordered.

easy company crack smoker..It was a joke..Probably more true however then either one of us knows

 

[DAS at 10/250]

I'd imagine this will be a popular fractional airplane, especially with its maintenance intervals double that of Cessna's offerings.

How dare you re-post SENSITIVE COMPANY INFORMATION!!!!! ARE YOU NUTS!!!!!!

I realize that this information was already out in the public domain but it was also released on the CorCom and is therefore limited to NJA employees only!! You should be banned from FI.com and have your seniority number revoked. I will be reporting you to the union ASAP!!!

Shame on you!!

 

[FLYLOW22]

I think the number of 50 may be adjust well north.

 

[Jack Campbell]

.....

 

[206amphib]

Perhaps a step in the right direction. Maybe a good portion of these are destined to replace parts/all of certain other fleets, but at the end of the day, orders on the books are good for NJA and for aviation in general. Here's to something potentially positive...

 

[Hogprint]

Looks like 20% are headed to Europe. Doesn't matter. Good news for the industry.

 

[johnsonrod]

Fantastic news!

 

[jtf]

While it's nice to see new orders, it's just a deal that was too good to decline that offered what NJA needs- replacing older airframes with new ones that should be more durable and with 10 year mx plans. It will also help streamline the fleet by replacing the Ultras, Encores, and 400s, all while helping dispose of some of the airframes that NJA can't seem to get rid of anyway. Good for business, but it isn't going to bring back our furloughed brothers any sooner.

 

[CA1900]

Not directly, though. But it shows an investment in our company future which may help retain and attract owners, and that will help bring them back.

 

[FLYLOW22]

Aircraft orders never add to pilot numbers... more Owners do.

 

[jonjuan]

Aircraft orders never add to pilot numbers... more Owners do.

Bingo-as well, they'll need to actually sell these to current owners, many of whom simply will never buy a new aircraft/share again. Some will, but to convince many of the ultra/bj owners to cough up more jing to fly the same aircraft (it will take quite a few years before they can guarantee these new planes as they enter the fleet) will be difficult at best. Expect a slow decrease in owners and airframes going forward, imo.

 

[NJAowner]

Unless an owner really needs/wants a particular new airframe, why buy a new one when you can buy a pre-owned share for a fraction of the price and fly on similar fleets. When a new 1/16 of an Excel may cost approx. $750k and a preowned share with 5-7 years left of flying may cost approx. $175k (or less) it it is difficult to rationalize a purchase of a new share. As phenominal the Phenon may be on operating costs, fo rnow it will compete against pre-owned shares. But hopefully ina few years there will be fewer of those.

Fly safe.

 

[JJET44]

How dare you re-post SENSITIVE COMPANY INFORMATION!!!!! ARE YOU NUTS!!!!!!

I realize that this information was already out in the public domain but it was also released on the CorCom and is therefore limited to NJA employees only!! You should be banned from FI.com and have your seniority number revoked. I will be reporting you to the union ASAP!!!

Shame on you!!

What's funny is that you just did the same thing by quoting him!

 

[Pervis]

Unless an owner really needs/wants a particular new airframe, why buy a new one when you can buy a pre-owned share for a fraction of the price and fly on similar fleets. When a new 1/16 of an Excel may cost approx. $750k and a preowned share with 5-7 years left of flying may cost approx. $175k (or less) it it is difficult to rationalize a purchase of a new share. As phenominal the Phenon may be on operating costs, fo rnow it will compete against pre-owned shares. But hopefully ina few years there will be fewer of those.

Fly safe.

Embraer is relieving us of 25 out of 32 remaining CE560s, starting this December. Besides, with that line of thought, why do people buy new Mercedes or Bentlys when you can get it far cheaper in the after market? At least new a/c owners get a new depreciation schedule.

On a side note, if we take all 125 or more, this will result in a net gain compared to small cabin jets in disposal. This can only be considered good news. Although it won't result in immediate recalls, this is a clear indication that we are still in this for the long haul.

 

[BoilerUP]

Unless an owner really needs/wants a particular new airframe, why buy a new one when you can buy a pre-owned share for a fraction of the price and fly on similar fleets. When a new 1/16 of an Excel may cost approx. $750k and a preowned share with 5-7 years left of flying may cost approx. $175k (or less) it it is difficult to rationalize a purchase of a new share.

$750k for a 1/16 share of an Excel...that's $3M for a quarter share.

To put that into perspective, in Oct. 2007 NJA made a presentation to my CEO in which their acquisition price for a quarter share in an Ultra, none of which were anywhere close to being "new", was $2.2M.

 

[RJ Bum]

Embraer is relieving us of 25 out of 32 remaining CE560s, starting this December. Besides, with that line of thought, why do people buy new Mercedes or Bentlys when you can get it far cheaper in the after market? At least new a/c owners get a new depreciation schedule.

On a side note, if we take all 125 or more, this will result in a net gain compared to small cabin jets in disposal. This can only be considered good news. Although it won't result in immediate recalls, this is a clear indication that we are still in this for the long haul.

yup, makes sense