With around 300 airplanes currently in use and retirements not considered, more potential deals would be in the works as Flexjet plans to double its fleet by 2031.

Brazilian planemaker Embraer shares rose more than 15% on Wednesday, hitting an all-time high after the company announced a deal to supply Flexjet with up to 212 jets, a contract valued at up to $7 billion at current list prices.

Shares of Brazil based aircraft manufacturer Embraer SA (NYSE:ERJ) are trading higher on Wednesday. Embraer Executive Jets, a division of Embraer, has reached a major purchase agreement with Flexjet.

Flexjet (LXJ, Cleveland Cuyahoga Country) has signed a purchase agreement with Embraer Executive Jets for 182 aircraft, with an option for 30 more, in a deal valued at up to USD7 billion. The company confirmed to ch-aviation that the order primarily consists of Praetor 500 and Praetor 600 aircraft,

Fractional jet company Flexjet has placed an order worth $7 billion for Embraer Phenom 300E and Praetor 500/600 executive jets

The Richmond Heights-based company, which operates in the fractional jet ownership segment, announced on Wednesday, Feb. 5, that it signed a purchase deal with planemaking giant Embraer S.A. for 182 aircraft, with options for an additional 30.

SAO PAULO (Reuters) -Brazilian planemaker Embraer has signed a deal to supply Flexjet with up to 212 jets, it said on Wednesday, a contract valued at up to $7 billion at current list prices. The agreement represents the largest firm order ever for Embraer's executive aircraft,

Embraer Executive Jets, a division of Embraer (NYSE: ERJ), has entered into a purchase agreement with Flexjet, a global leader in the fractional jet ownership segment. The deal involves a fleet of Embraer business jets,

Embraer, the Brazilian aerospace giant, has announced a groundbreaking purchase agreement with Flexjet, an American firm specializing in private aviation, setting a new record in the executive jet market.

Brazilian planemaker Embraer said on Wednesday it has signed a purchase deal worth up to $7 billion with Flexjet for a fleet of Phenom and Praetor executive jets, including firm orders for 182 aircraft and options for another 30.