Learjet

Bombardier has agreed to sell Flexjet’s activities to a newly-created firm funded by a group led by Directional Aviation Capital for $185m and secured a $1.8bn firm order for 85 business aircraft from the buyer.

The deal is subject to government and regulatory approvals, and is expected to be complete by the end of the year.

Bombardier president and chief executive officer Pierre Beaudoin said: "I am confident that under it’s new ownership Flexjet will pursue its growth and diversification, continue to offer an outstanding experience to owners and customers, and will expand its brand globally."

In addition, the new deal for 85 business aircraft includes 25 Learjet 75, 30 Learjet 85, 20 Challenger 350 and 10 Challenger 605 jets, as well as options for an additional 160 business jets.

Once all the options are exercised, the total value of the order will be nearly $5.2bn.

"This order is another very important endorsement for our Learjet and Challenger business jets."

"This order is another very important endorsement for our Learjet and Challenger business jets. We look forward to having our products participate in the growth of Flexjet, LLC’s activities and its customer base," Beaudoin added.

Flexjet offers fractional aircraft ownership, jet card and whole aircraft management services with Bombardier Learjet and Challenger private jets.

Bombardier has a wide aircraft portfolio in the business jet industry, with aircraft spanning the light, medium, and large business categories.

The company Learjet, Challenger and Global aircraft will address the growing needs of business jet travellers worldwide.

Image: Flexjet delivers fractional aircraft ownership, jet card and whole aircraft management services with Bombardier Learjet and Challenger private jets. Photo: file image.

Defence Technology