Bombardier Sells Flexjet | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Airborne 07.22.16

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Airborne 07.22.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

 

Fri, Dec 06, 2013

Bombardier Sells Flexjet

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.

FMI: www.bombardier.com, www.flexjet.com

Advertisement

More News

Airborne 07.27.16-Oshkosh Day 3: WomenVenture!, NTSB on Part 23, CAF Update

Also: An American Airbus Flies To Oshkosh, Mooney Update, Comprehensive Jack Pelton Interview--Part 3 ANN’s Maxine Scheer attended the kickoff event to WomenVenture, the Wome>[...]

Airborne 07.27.16-Oshkosh Day 3: WomenVenture!, NTSB on Part 23, CAF Update

Also: An American Airbus Flies To Oshkosh, Mooney Update, Comprehensive Jack Pelton Interview--Part 3 ANN’s Maxine Scheer attended the kickoff event to WomenVenture, the Wome>[...]

The Airplane Factory Presents AirVenture 2016 Special Event Coverage

The Airplane Factory Sling – Best-Handling LSA – A Real Airplane The Airplane Factory Sling is a high performance, 2 place Light Sport Aircraft that fits the needs of p>[...]

Aspen Avionics, True Innovators, Present OSH2016 Special Event Coverage!

OSH2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC