Thursday, March 3, 2011

Huge Bombarier Business Jet Deal

Bombardier deal could be worth $6.5B

Bombardier Aerospace says it has received an order for as many as 120 aircraft from Berkshire Hathaway's NetJets Inc., in a deal that could be worth $6.53 billion Cdn.

Bombardier Aerospace announced Tuesday its largest business aircraft sale with an order from NetJets Inc. for 50 Global business jets.The Montreal-based aerospace giant calls the transaction the "largest business aircraft sale" in the company's history.Bombardier says NetJets has already placed a firm order for 50 Global business jets, a transaction valued at approximately $2.73 billion.The deal also has the option for an additional 70 Global aircraft to be ordered which would bring the total value of the deal to over $6.53 billion.NetJets' firm order involves 30 Global 5000 Vision and Global Express XRS Vision aircraft with deliveries scheduled to begin in the fourth quarter of 2012.It also includes 20 firm orders for Bombardier's newly launched Global 7000 and Global 8000 jets, which will start being delivered in 2017.

NetJets is the world's largest business aircraft operator, with a fleet of over 800 aircraft worldwide. The company said it was impressed with Bombardier's vision for the future."The Global aircraft family is ideally suited to our owners' needs for range, reliability, interior comfort and operating efficiency," said NetJets president Jordan Hansell. "These aircraft will be an excellent complement to our existing large cabin capabilities and overall fleet that is unmatched in private aviation."

1 comment:

  1. Unbelievable that while some companies are going bankrupt you have the likes of netjets putting in an order for 50 business jets. It's crazy to thing that there are so many people flying privately.