Monday, January 26th2.3°C
24624
24277

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.

The Canadian Press


Read more Business News

24393


Recent Trending




Today's Market
S&P TSX14779.35+15.369
S&P CDNX678.18-0.79
DJIA17672.60-141.38
Nasdaq4757.879+7.481
S&P 5002051.82-11.33
CDN Dollar0.8029-0.0011
Gold1290.60-2.00
Oil46.35-2.34
Lumber311.50+6.50
Natural Gas2.849-0.137

 
Okanagan Companies
Pacific Safety0.115-0.005
Knighthawk0.010.00
QHR Technologies Inc1.38+0.06
Cantex0.035+0.005
Anavex Life Sciences0.1810.00
Metalex Ventures0.040.00
Russel Metals24.48+0.32
Copper Mountain Mining1.10-0.02
Colorado Resources0.155+0.005
ReliaBrand Inc0.006+0.001
Sunrise Resources Ltd0.055+0.03
Mission Ready Services0.22+0.02

 



23643

FEATURED Property
1805476449 Knowles Road, Kelowna, BC
4 bedrooms 3 baths
$1,295,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...


What do I pay ICBC for anyway?

If you have had ongoing dealings with ICBC as a result of a car accident than you have likely had the pleasure of dealing with at least two sides of ICBC. Initially the relationship starts off pleasan...

_





24709


Member of BC Press Council


24222