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






Airborne On ANN

Airborne 10.12.15

Airborne 10.06.15

Airborne 10.07.15

Airborne 10.08.15

Airborne 10.09.15

Airborne Hi-Def On YouTube

Airborne 10.12.15

Airborne 10.06.15

Airborne 10.07.15

Airborne 10.08.15

Airborne 10.09.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 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.



More News

Innovation Marks Retiring NAVAIR Commander's Legacy

Vice Adm. David A. Dunaway Retires Following A 33-Year Naval Career The U.S. Naval Academy's class of 1982 took center stage Friday as one member relieved another as commander of N>[...]

JSSI Continues To Build On Helicopter Market

Introduces Engine Coverage For Sikorsky S-92 Jet Support Services (JSSI), is now able to offer GE CT7-8 engine program coverage for the Sikorsky S-92 as they continue to expand int>[...]

Aero-News: Quote Of The Day (10.12.15)

"It happens hundreds of times a year and there's never enough fanfare, in my opinion, given to those who not only cast gravity aside... but do so in vehicles that they crafted for >[...]

Klyde Morris (10.12.15)

Klyde's Not Quite Sure What To Believe Anymore... About Foolish People FMI:>[...]

Barnstorming: First Flight -- Sonex 1517 Makes A Break For It

Robbie Culver, A Friend Of ANN, Achieves A Lifetime Milestone It's hard to explain... unless you've done it... you know -- devoted months and years of hopes, dreams, elbow grease a>[...]

blog comments powered by Disqus





© 2007 - 2015 Web Development & Design by Pauli Systems, LC