Fri, Dec 06, 2013
Activities Transferred To A Group Led By Directional Aviation Capital
Bombardier has closed the sale of Flexjet's activities to Flexjet, LLC, a newly-created company funded by a group led by Directional Aviation Capital. The previously announced total consideration of $185 million US, following purchase price adjustments, is now estimated at $195 million, including the assumption of an estimated $70 million US of customer advances by the acquirer.
This transaction has received the approval of all appropriate regulatory authorities and other consents from government bodies in the U.S.
As a result of this closing, a firm order by Flexjet, LLC for 115 business aircraft (25 Learjet 75, 60 Learjet 85, 20 Challenger 350 and 10 Challenger 605 jets) is now confirmed.
The agreement also includes options for an additional 150 business jets. The transaction for the firm aircraft order is valued at approximately $2.4 billion US based on 2013 list prices. If all the options are exercised, the total value of the order will be approximately $5.6 billion, also based on 2013 list prices.
Innovative Aerodynamic Technologies Produce Game-Changing Results At the NBAA 2013 convention, ANN CEO and Editor-In-Chief, Jim Campbell had a chance to talk with Tamarack Aerospac>[...]
Seawings The largest flying boat reference web site and home of the flying boat -- in detail -- on the web; specializes in providing information for the scale modeler in the form o>[...]
Pressure altitude corrected for nonstandard temperature. Density altitude is used in computing the performance of an aircraft and its engines.>[...]
“This upgrade is an important step in laying the foundation for the NextGen system, which provides controllers a much more precise view of the airspace, gives pilots much mor>[...]
Get A Customized ANN News Portal For YOUR Website! As we promised, the ever-so-busy software geeks at ANN have been working overtime on a number of cool new tools and toys... and t>[...]