Flexjet gets first Embraer Legacy jet anchoring mid-size program

September 29, 2015 6:56 PM

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SAO PAULO Flexjet, which offers fractional ownership and leasing of private jets, is counting on Embraer's (EMBR3.SA) new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive Mike Silvestro said on Tuesday.

Flexjet received its first Legacy 500 this week and expects four more by the end of the year, Silvestro said in a telephone interview. Deliveries of the Legacy 450 start in June 2016.

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