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Wednesday, June 19, 2013

Paris: Bombardier Wins $1.8 Billion in Business Jet Orders

By Woodrow Bellamy III

Bombardier racked up $1.8 billion worth of orders for its large and mid-size business jets on the first two days of the Paris Air Show, receiving strong demand for its Challenger 350 and Global 8000 jets. 
(Steve Ridolfi, President, Bombardier Business Aircraft; Thomas Flohr, Founder & Chairman, VistaJet; and Bob Horner, Senior Vice President, Sales, Bombardier Business Aircraft at signing of contract for up to 40 Challenger 350 aircraft at the Paris Air Show. Photo, courtesy of Bombardier. )
Switzerland-based private jet operator VistaJet placed an order for 20 Challenger 350 jets, a $518 million order based on current list prices. The order includes options for 20 additional Challenger 350s, which would increase the value to $1 billion. 
In November, VistaJest placed the largest order in Bombardier's history, a $7.8 billion order for up to 142 Global business jets. 
Also on Tuesday, the Canadian manufacturer announced a firm $804 million order for 12 of its Global 8000 business jets from an "undisclosed customer." 

Last week Bombardier released its annual 20-year outlook for business jet demand, predicting operators will require a total of 24,000 business jet deliveries worth $650 billion from 2013 to 2032.  

Related: Aviation Today's Checklist 

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