Join        Login             Stock Quote

Bombardier (BBD.B) Secures US$7.8B Vistajet Order

 November 27, 2012 01:52 PM

(By Balachander) Canada's Bombardier Inc. (TSE:BBD.B) announced a business aircraft order worth US$7.8 billion by Switzerland-based VistaJet for up to 142 Global jets.

The deal includes firm orders for 56 Global jets and options for a further 86 Global jets at a 2012 U.S. list price value of more than $7.8 billion if all options are exercised.

"By any standard, this is a historic order for Bombardier," said Steve Ridolfi, president, Bombardier Business Aircraft. "Our Global aircraft are perfect for VistaJet's business strategy to deliver the ultimate business jet family to all corners of the world."

VistaJet operates private business jets and is exclusive operator of Bombardier business aircraft.

With a list price value of more than $7.8 billion, this is the single largest transaction placed with any aircraft manufacturer in the history of business aviation, VistaJet said in a statement.

The value of the firm order is roughly $3.1 billion at 2012 list prices.

The new Global aircraft order – comprises 25 Global 5000, 25 Global 6000, and 6 Global 8000 aircraft, with options for a further 40 Global 5000, 40 Global 6000 and 6 Global 8000 jets.

VistaJet said the new aircraft will directly service growth markets (including Russia, China, all of the Middle East and all of Africa), connecting them to the rest of the globe, as well as serving the East and West coast United States for their intercontinental travel needs.

Deliveries of these aircraft will begin in 2014.

Bombardier shares jumped 8.33 percent to trade at $3.38 on Tuesday on the Toronto Stock Exchange.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Recent Articles by Balachander
More Articles on: Finance , Aerospace , Europe , Americas

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.