...Signs Legacy Deal With Flight Options
On Oct. 27, Embraer signed a memorandum of understanding with Flight Options for the purchase of up to four Legacy Executive business jets. Deliveries of the aircraft are expected by the end of this year. Embraer said the average price of the Legacy Executive in the company's backlog was $20.8 million U.S., but declined to put a value on the Flight Options deal. Embraer says the jet's latest range has been boosted by increased fuel capacity, aerodynamic improvements and higher engine thrust. Aerodynamic improvements include the removal of windshield wipers, redesign of fairings and air inlets, leading-edges polishing, and surfaces smoothing resulting in significant drag reduction, fuel economy and extended autonomy. The Legacy family consists of the Legacy Executive, with a range of 3,250 nm (8 pax, 0.74 Mach, NBAA reserves) in a 13-seat configuration; the Legacy Shuttle (16-19 seats, 1,840-nm range) and the Legacy Shuttle HC (30-37 seats, 1,840-nm range). The company is projecting to sell 110 jets this year but has to sell 39 jets in Q4 to meet the target after falling short of its Q3 target by 10 jets.