Brazilian company Embraer has signed a $1.4bn purchase agreement with global fractional private jet travel company Flexjet.

Under this agreement, Embraer will deliver its fleet of business jets, including the Phenom 300 light and Praetor mid-sized and super-midsized aircraft.

The deal also makes Flexjet the launch customer of Embraer’s Praetor fleet.

Deliveries under the contract are expected to start in the fourth quarter of this year.

Embraer Executive Jets president and CEO Michael Amalfitano said: “We are very grateful for Flexjet’s renewed commitment to Embraer through this new agreement, which reflects the growth and the strength of our partnership over the past 16 years and symbolises our ongoing support for their journey ahead.

“Flexjet Owners will appreciate and enjoy a truly elevated customer experience in industry-leading aircraft, including the recently certified Praetor jets, which are different by design and disruptive by choice.”

Embraer’s Praetor 500 and 600 jets are certified by the US Federal Aviation Administration, the European Union Aviation Safety Agency and Brazil’s Agência Nacional de Aviação Civil.

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The Praetor 500 is a fastest-flying mid-size jet and the Praetor 600 is the farthest-flying super-midsize jet, according to Embraer.

Flexjet CEO Michael Silvestro said: “We are proud to introduce the Praetor jets to the fractional marketplace and make technologically advanced midsize and super-midsize aircraft available to Flexjet Owners.

“This order also represents the longstanding trust we have in Embraer and in their enhanced commitment to support the growth of our programmes and of our partnership with industry-leading business jets.”

In July, Embraer delivered its first Praetor 600 super-midsize business jet to an undisclosed customer in Europe.