Bombardier jets flying off the shelves
Bombardier Inc. (TSX:BBD.B) has made the biggest sale of business aircraft its history, potentially worth up to $7.8 billion if all options are exercised, the Montreal-based company announced Tuesday.
VistaJet, a private European company that provides luxury chartered flights, has placed firm orders for 56 Bombardier Global jets valued at $3.1 billion and acquired options for a further 86 Global jets.
VistaJet currently operates a fleet of Bombardier aircraft based in Europe, the Middle East, Asia and West Africa.
The new purchase is part of VisaJet's goal of making business aviation more accessible to emerging markets, said VistaJet chairman Thomas Flehr, who founded the company in 2004.
"This order is the most significant milestone for VistaJet and is a testimony to our successful strategy that focuses on global coverage," Flehr said in a joint statement by the companies.
"Our customers need to fly point-to-point across the globe, and in many instances at short notice."
Steve Ridolfi, the president of Bombardier Business Aircraft, said it was also a historic order for Bombardier.
"It goes without saying that we are thrilled VistaJet has again chosen to grow their fleet with the industry-leading Global family," Ridolfi said.
VistaJet has placed firm orders for 25 Global 5000s, 25 Global 6000s and six Global 8000 jets. Deliveries will begin in 2014.
Read more Business News
- New Lotto 649 millionaire in KamloopsKamloops - 9:56 am
- 2 killed in avalanche near Lake LouiseCanada
- Castanet's Week in ReviewKelowna - 5:00 am
- Missing jet may have turned backWorld - 7:40 am
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...