NetJets has acquired the 100th Phenom family jet to leave the production line in Melbourne, Florida, just over three years after the first rollout.

The commemorative aircraft, a NetJets Signature Series Phenom 300, was delivered to NetJets and will join the company's European fleet.

NetJets and Embraer signed an original purchase agreement for 50 Phenom 300 firm orders and 75 options in October 2010. The total value of the deal may exceed USD one billion if all options are exercised.

Embraer has now delivered 40 Signature Series Phenom 300 to NetJets. These aircraft operate in the NetJets fleet, with fractional owners in the USA and Europe. In December 2014, an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders was signed by both parties.

“The Signature Series Phenom 300 has proven itself to be a success in meeting our expectations, and more importantly, the expectations of our customers,” comments Chuck Suma, senior vp of global asset management at NetJets.

“The Phenom 300 is the best-selling aircraft in our fleet, and as we accept delivery of our 40th jet, we look forward to continuing to bring them into our fleet.”