Continues To Exercise Options Within The Extensive Bombardier Portfolio

Bombardier announced today that NetJets Inc. confirmed the delivery schedule of its Global 7500 aircraft with the first delivery planned in 2021. NetJets’ original order for Global 7500 jets was among Bombardier's largest business aircraft orders in its history, which also included Global 5000 and Global 6000 aircraft as well as Challenger 350 and Challenger 650 aircraft. NetJets has also exercised options for five Challenger 350 aircraft and a Global 6000 aircraft to join the fleet of more than 120 Challenger and Global jets in service, as deliveries for the originally firm-ordered platforms are nearing fulfillment. Based on 2018 list prices, the new transactions are valued at approximately $195 million.

“Challenger and Global aircraft offer the ultimate in performance, comfort, reliability and signature smooth ride,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “Our aircraft are ideally suited to meet the needs of NetJets and its distinguished Owners, and this order is yet another testament that Bombardier provides its customers with the best business aviation experience. We are proud to continue to partner with NetJets.”

“The Global aircraft family is ideally suited to our Owners’ needs for range, reliability, interior comfort and smooth ride,” said Pat Gallagher, NetJets’ Executive Vice President of Sales and Marketing. “The industry’s flagship, the Global 7500 aircraft, will make a wonderful addition to our fleet, offering the ultimate combination of performance, luxury and innovation. It is the largest, most luxurious and longest-range business aircraft ever built and will be an excellent complement to our existing large-cabin capabilities and overall fleet that is unmatched in private aviation.”

NetJets previously placed a firm order for 50 Global business jets, with options for an additional 70 Global aircraft in 2011. The firm order included 20 Global 7500 and Global 8000 jets. In 2012, the company also announced a milestone order for 100 Challenger business jets, with options for an additional 175 aircraft. The firm order included 75 Challenger 350 and 25 Challenger 650 business aircraft.

Recently certified by Transport Canada, the Global 7500 aircraft has succeeded in elevating every standard by which a business jet is measured – comfort, luxury, performance and a smooth ride. Upon entry-into-service later this year, the Global 7500 aircraft will offer a spaciousness that is unique among business jets, with a full-size kitchen and four true living spaces. In addition, the Global 7500 aircraft boasts an unmatched range of 7,700 nautical miles, a full 300 nautical miles further than initial commitments. It has also exceeded its original takeoff and landing performance commitments, leading to a new published takeoff distance of 5,800 feet.

(Source: Bombardier news release)

FMI: www.bombardier.com