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.

SAO PAULO (Reuters) - 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.

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,

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, 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.