Flexjet orders up to 245 Bombardier Business Jets

Flexjet, LLC places orders for up to 245 Bombardier business aircraft ​

After 18 successful years as Bombardier’s fractional jet ownership division, Flexjet today announced a definitive agreement for its purchase by a group led by Directional Aviation Capital through a newly-formed entity, Flexjet, LLC. With support from its new investors, Flexjet is placing the largest private aviation order in its history valued at approximately $5.2 billion for up to 245 Bombardier business jets. The transaction for the sale of Flexjet is expected to close by the end of the year.

The firm order includes 85 business jets, featuring next generation Challenger 350, Challenger 605 and Learjet 75 jets, and the highly anticipated Learjet 85 aircraft. The agreement also includes options for an additional 160 business jets. Fractional shares are now available, with some aircraft deliveries beginning in 2014. This development emerges during a momentous period of growth for Flexjet, which is reporting a 96 percent increase of new fractional and jet card sales in January to June 2013 compared to the same period in 2012. In the first six months of this year, sales of new fractional shares increased a notable 112 percent, while new jet card sales grew a solid 68 percent.

As a result of this growth, Flexjet is hiring pilots and employees to satisfy the increasing demand. This year, Flexjet also marks the 50th anniversary of Learjet with a nationwide tour featuring the Learjet 85 model, and the 10th anniversary as the first private aviation provider to manage the Challenger 300 aircraft, celebrated as the world’s best-selling super mid-size jet. Flexjet, the world’s second largest fractional jet ownership services provider, currently manages one of the youngest collections of aircraft in the fractional jet industry – averaging approximately six years of age – which will be refreshed with each new aircraft delivery.

Bombardier Aerospace
400 Côte-Vertu Road
West Dorval, Quebec H45 1Y9
Canada
www.bombardier.com

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