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.
CVR Indicates Pounding On Cockpit Door, Shouting For It To Be Opened Data retrieved from the Cockpit Voice Recorder (CVR) aboard the Germanwings Airbus A320 that went down in the F>[...]
Also: Nanchang CJ-6A, USAF T-X Program, UK AAIB Withholds Info, Aussie Aero-Politics, GPS Errors Found, ATC Reform House Bill HR 476 will eliminate G.I. training benefits for those>[...]
Also: ALPA v UAVs, Aero-Community Update: XPrize, FAA Streamlines UAS COAs, Airport Infrastructure, ATC Reform, New SpaceX Rocket Data retrieved from the Cockpit Voice Recorder (CV>[...]
Fun Places To Fly It may still be cold and snowy where you are, but spring is here and the flying weather will soon start to get better everywhere.>[...]
A waypoint designed to permit early turns, thus allowing the aircraft to roll out onto the center of the desired track to the next waypoint.>[...]