22/10/2013

Flexjet, LLC Places New Orders For Learjet 85 Aircraft

Bombardier has announced that Flexjet, LLC has placed 30 new firm orders for Learjet 85 aircraft.

The options were purchased on September 5, 2013 as part of Flexjet's historic order for up to 245 Bombardier business jets. In addition, Flexjet, LLC, is procuring incremental options for 20 Learjet 85 aircraft. This latest transaction, including conversions of options from a previous order, brings the total number of Learjet 85 aircraft purchased by Flexjet, LLC to 60, for a value of approximately $1.2 billion US, based on the 2013 list price for the aircraft. Flexjet, LLC, is a newly created company owned by Directional Aviation Capital and is an exclusive operator of Bombardier business aircraft.

"We're very proud to see Flexjet, LLC placing their trust in our new Learjet 85 aircraft," said Steve Ridolfi, President, Bombardier Business Aircraft. "This endorsement is a tremendous vote of confidence as we move towards the first flight of the Learjet 85 jet before the end of the year. It’s definitely a great way to celebrate Learjet’s 50th anniversary," he added.

On September 5, 2013, Flexjet, LLC placed a firm order for 85 business aircraft (25 Learjet 75, 30 Learjet 85, 20 Challenger 350 and 10 Challenger 605 jets). The agreement also included options for an additional 160 business jets. Today’s conversion of options to orders of 30 additional

Learjet 85 aircraft brings the firm order portion of the transaction to approximately $2.4 billion US, for a total of 115 firm orders and the number of options to 150 business jets. If all the options are exercised, the total value of the order will now be approximately $5.6 billion US, also based on 2013 list prices.

(CD/MH)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

03 May 2016
Bombardier Deal Welcomed
The Alliance Party has welcomed the announcement that Bombardier has secured a major order for its C Series aircraft from Delta Airlines. The American airline has agreed to purchase 75 CS100 aircraft with an option for 50 more. The C Series wings and other parts are produced in Belfast.
30 September 2014
Bombardier And Macquarie AirFinance Sign Agreement For 50 CSeries Aircraft
Bombardier Commercial Aircraft announced that a wholly owned affiliate of Macquarie AirFinance has signed a firm purchase agreement for 40 CS300 jetliners and has taken options on an additional 10 CS300 aircraft.
07 May 2014
Co Down Aerospace Company Considering Sale
B/E Aerospace in Kilkeel, Co Down, may be up for sale, according to a report by the BBC. It is understood that the US firm may be about to sell its Kilkeel manufacturing business. 800 people are employed at the site.
16 January 2014
Bombardier Signs Purchase Agreement For 16 CS300 Aircraft
Bombardier Aerospace have announced that Dammam-based Al Qahtani Aviation Company has signed a firm purchase agreement for 16 CS300 aircraft with options for an additional 10 CS300 jetliners. The aircraft will be operated by SaudiGulf Airlines, a newly launched national carrier from the Kingdom of Saudi Arabia.
17 November 2009
Belfast Aerospace Base 'Takes Off'
NI's construction and engineering sectors 'merged' today as the first bricks were laid in a state-of-the-art aircraft wing manufacturing and assembly facility in east Belfast.