$6.7 Billion Bombardier order

NJA_Capt

NJA_Capt

Well-Known Member
The 25 year feud between NetJets and Bombardier is apparently over. NetJets signed a deal with Bombardier for up to 120 Global Express aircraft, with deliveries starting in late 2012.

Bombardier Aerospace today announced the largest business aircraft sale in the company’s history with a firm order from NetJets Inc. for 50 Global business jets with options for an additional 70 Global aircraft. The transaction for the firm order is valued at approximately $2.8 billion US based on list prices. If all the options are exercised, the total value of the order will surpass $6.7 billion US, also based on list prices.

The firm order comprises 30 Global 5000 Vision and Global Express XRS Vision aircraft, with deliveries scheduled to begin in the fourth quarter of 2012. The sale also includes 20 firm orders for Bombardier’s newly launched Global 7000 and Global 8000 jets. Deliveries of these aircraft will begin in 2017.

http://www.bombardier.com/en/corporate/media-centre/press-releases/details?docID=0901260d80162feb
http://www.netjets.com/bombardier.asp

BA-GlobalFamily_NetJets.jpg
 
NetJets must have a very strong client base to be able to afford to operate those airplanes. It's really hard to turn a profit using a Global unless you have lots of clients that need to go long distances.


Edit to add: The must be doing something right.
 
The world needs more Globals!
mshunter said:
NetJets must have a very strong client base to be able to afford to operate those airplanes. It's really hard to turn a profit using a Global unless you have lots of clients that need to go long distances.

Edit to add: The must be doing something right.
Click to expand...

They do a lot of long distance flights. There are a lot of clients that go from the east coast over to Asia.
 
The Asian market promises to be gigantic, China is allowing business aviation, there is a real need for that. Early bird gets the worm.
 
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