Brazil’s Embraer Sells 100 Aircraft to NetJets, Shares Rise

Brazil’s Embraer Sells 100 Aircraft to NetJets, Shares Rise
An Embraer Phenom 300E aircraft is displayed during the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil, on Aug.14, 2018. Paulo Whitaker/Reuters
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SAO PAULO—Embraer has signed a deal valued at more than $1.2 billion to sell an additional 100 aircraft to NetJets, the Brazilian planemaker said on Monday, sending its shares higher.

Embraer said it expects to deliver the Phenom 300E jets from the second quarter of 2023. NetJets is a U.S. company that offers shared ownership of private business jets.