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LOOP News 14 JAN 08: BILLION-DOLLAR BABY!EMBRAER announced a mammoth order for up to 150 of its Phenom executive jets last month, in a deal with US-based lease firm Flight Options which could easily crack the billion dollar mark. Flight Options is to take an initial 100 of the nine-seat Phenom 300s for lease and shared-ownership customers, with options for 50 more at a total cost of $1.12bn, Embraer's biggest order yet for the Phenom model. In addition to the sale deal, a $200m contract has also been signed for support and maintenance. Despite being the world's fourth biggest aircraft manufacturer behind Airbus, Boeing, and Bombardier, Embraer is little known outside the industry. The six-seat Phenom 100 and nine-seat 300 are helping the company break into the smaller end of corporate market. The bigger end is already well served by Embraer's Legacy range. The new Phenom VLJs are behind plans for significant expansion in forthcoming years. The firm delivered 170 planes in 2007, but pledges 215 in 2008 and up to 350 in 2009. BLOB London Executive Aviation, the UK's biggest charter company, has just bought two more Legacy 600s. LEA's fleet of the 'super midsize' jets, configured for 13 passengers with a max range of 3200nm, now numbers four. W: www.embraer.com W: www.flylea.com |                    | ||||||
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