Bombardier lands $7.8bn VistaJet order |
| Financial Times - Nov 27, 2012 |
Bombardier has secured its biggest ever order of private aircraft with the purchase by Geneva-based charter business VistaJet of 56 new jets and options for another 86.
The deal, worth more than $7.8bn at list prices including options, was 18 months in the making and underscores VistaJet’s ambitions to ride the tide of growth in emerging economies.
Thomas Flohr, VistaJet’s chief executive, said the aircraft would both replace older models in his 36-strong all-Bombardier fleet and fuel expansion in core markets including Russia, Kazakhstan, the Middle East and Africa.
He added that the group had considered other manufacturers but cited cabin size, range and “commonality in the cockpit” as reasons for sticking with Bombardier.
Bombardier’s Global 6000, which is set to enter service later this year, seats a maximum of 14 passengers and can fly for up to 13 hours at a top altitude of 51,000 feet – in line with that of a commercial jet.
The order, with the first delivery due in January 2014 and an aircraft arriving for VistaJet every month after that, is set to keep the manufacturer’s backlog at about three years, said Steve Ridolfi, president of Bombardier’s business jet arm.
Read Full Article from Financial Times
- Posted: 2012-11-27 13:21:09
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
