Eagle Creek, Airshare, buy more Embraer jets
Our Corporate Bureau
27 September 2007
Brazilian aircraft maker Embraer said on Tuesday 25 September said that it had sold five business jets each to Eagle Creek Aviation Services and Executive AirShare, adding to previous orders the two US-based companies had placed.
Indianapolis-based Eagle Creek added five Phenom 100 jets worth $14.9 million to a previous order worth $61 million that had 12 planes of the same model and four Phenom 300 planes. The Phenom 100 seats four passengers and the Phenom 300 six people.
Executive AirShare, based in Kansas City, bought three Phenom 100 jets and two Phenom 300 jets worth a total of $22.24 million, with an option to double the order, Embraer said. Last May it ordered seven Phenom 100 jets with an option for seven more.
Embraer, the world's fourth-largest commercial jet maker, has invested heavily to develop small business jets, in a bid to diversify its revenue base. The company had an order book of $15.6 billion at the end of June.