Embraer Bidding to Supply Mid-Sized Planes to Buffett’s NetJets

Embraer SA (EMBR3) is in the bidding for an order from Warren Buffett’s NetJets Inc., Ernest Edwards, president of Embraer’s Executive Jets unit said today. NetJets sent out a request for proposals to manufacturers that asked for “anything from 25 aircraft upwards,” he said.
“We submitted our proposals several months ago. We are waiting to hear from them as a result of the submission of proposals,” Edwards said in an interview today in Geneva. “I know a couple of competitors have been advised that they are no longer involved, but we have not been advised that we are not involved, so we are assume we are still involved,” he said.
NetJets Europe Chief Executive Officer Eric Connor said in an interview today that the fractional jet operator was in negotiations for a “substantial” order of mid-size aircraft to replace Hawker 800 and Falcon planes. The order may include both firm orders and options, Connor said,
“We are not in the starting phase, we are a fair way through the process,” Connor said. He didn’t comment on the timing of the order.