Embraer and FlightSafety announce full-flight simulator for Praetor jets

Embraer also closes US$650 million credit facility


Embraer and FlightSafety International announced that FlightSafety will offer a new full-flight simulator (FFS) for the Praetor 500 and Praetor 600 jets to meet the growing demand for these models’ training. The simulator, which is the third for the Praetor 500 and Praetor 600 established by FlightSafety International, will be located in Orlando, Florida to serve the growing fleet of over 200 aircraft in the Praetor platform. Operations will begin in the second quarter of 2023.

“With Praetor jet deliveries increasing consistently, we have realised the need to offer additional capacity for training to our customers worldwide. The new full-flight simulator will provide Embraer’s customers with the latest technological aircraft updates, bringing the highest level of service to the market,” said Johann Bordais, president and CEO, Embraer Services & Support.

The FFS in Orlando will be located about one hour from the Embraer Executive Jets headquarters in Melbourne, Florida. The region was chosen as it has a high concentration of aircraft and operators, offers a comprehensive network of hotels and attractions, and is easily accessible from domestic and international locations.

“FlightSafety is pleased to offer expanded capacity at a customer-centric location for the growing fleet of Praetor operators,” said Nate Speiser, Executive Vice President of FlightSafety Sales and Marketing. “FlightSafety has trained over 5,000 Praetor pilots since partnering with Embraer on this aircraft in 2015, and this program is a key element of our 33-year relationship with Embraer on aircrew training.”

Embraer closes US$650 million credit facility
Embraer announced the closing of a US$ 650 million revolving credit facility with a group of national and international financial institutions. The objective of the agreement, the first of its kind for the company since 2010, is to regain access to financial resources for three years at pre-negotiated rates, which can be renewed for another two years at the lenders’ discretion. Led by banks PNC Bank, Crédit Agricole, Natixis, MUFG, Santander and with other lender support from around the globe, the facility allows access to the revolving credit line that can be used by Embraer’s subsidiaries in the U.S. and the Netherlands, with Embraer S.A. as its guarantor.

“This operation reinforces Embraer’s liquidity for the coming years and consolidates the company’s credibility with Brazilian and international financial institutions that trust and believe in the company’s credit. It will help us on our credit rating in the long term,” highlighted Antonio Carlos Garcia, CFO of Embraer.

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