Embraer negotiating $495 million aircraft sale to Surf Air

Brazil’s Embraer, the world’s third-largest commercial planemaker, is negotiating an order with Surf Air of California for up to 50 Phenom 300 executive jets worth $495 million, the Valor Economico newspaper reported on Monday.

Surf Air, a U.S. business aviation company based in Santa Monica, plans to expand its services to Europe in mid-2017 and needs a larger fleet to reach that goal, its CEO Simon Talling-Smith told the newspaper. He said Surf Air is also talking to U.S. aircraft maker Textron, with an eye on its Cessna Citation CJ4 corporate jets.

The Embraer Phenom 300 is a light business jet that can carry 7 to 9 passengers and is Embraer’s biggest selling executive aircraft, though current weak demand for business jets has been dragging on Embraer’s results.

Embraer was not available for immediate comment.

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William Stavski
William Stavsky is a news writer for the Wings Journal. William has a bachelor's degree in Journalism and Social Communication at the University of Humanities and Economics in Lodz. His biggest interests are aviation, rock climbing, and animal care. After graduating university Stavsky joined the Wings Journal where he is a dedicated journalist, eager to share the most important aviation news with the world.

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