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Embraer sells two Legacy 650s to AAM

Embraer has signed a contract with German company Aircraft Asset Management AAM GmbH for the sale of two Legacy 650 executive jets. The announcement of the sale took place last Monday during the NBAA’s 62nd Annual Meeting and Convention in Orlando, Florida.

The estimated value of the private jets, which are the first Legacy order in Europe, is at $59 million. The aircraft will be maintained by an established private jet operator together with Legacy 600 customer.

“We are honored by the acquisition of two Legacy 650s by Aircraft Asset Management AAM GmbH,” commented Luis Carlos Affonso, Embraer Executive VP of Executive Jets. “The aircraft will be operated by DC Aviation, and we are pleased that our newly launched 3,900-nautical-mile-range executive jet has been selected for their business expansion.”

This contract marks the second between Embraer and Aircraft Asset Management AAM GmbH.

The first Legacy 650 order will be delivered in the fourth quarter of 2010 and the second one will be delivered in 2011.

“We are especially proud to be one of the first European charter operators to add two Legacy 650s to our fleet,” said Steffen Fries, Managing Director of Aircraft Asset Management AAM GmbH. “This new variant makes it possible for us to enlarge our long-haul fleet and our international flight services, enabling comfortable, nonstop flights on such popular business routes as London-Dubai or Dubai-Singapore.”

He continued: “The performance of the aircraft is very convincing, too. The Legacy 650 is  faster in landing approach than other business jet models and, hence, offers better compatibility with traditional airline traffic. The inclusion of a forward lavatory is also a strong selling point.”

Source: Aero News Network