Posted on Wednesday 23 October 2013 by Ulster Business
Last month the company announced a firm order from Las Vegas-based Flexjet for 85 business jets across its Learjet and Challenger range, with options for an additional 160 aircraft.
It now has 60 firm orders from Flexjet for the Learjet 85 aircraft, which is due to make its first flight before the end of the year. Those orders are worth around $1.2bn, based on the 2013 list price for the aircraft.
Bombardier in Belfast is responsible for the design and manufacture of the Learjet 85 wing skins and spars using a further application of the advanced composites process that is also being used to produce the wings for the CSeries aircraft.
The latest transaction, including conversions of options from a previous order, brings the total number of Learjet 85 aircraft purchased by Flexjet to 60, for
a value of approximately $1.2bn, based on the 2013 list price for the aircraft.
Montreal-based Bombardier announced last month that it was selling Flexjet to US private equity firm Directional Aviation Capital for US$185m. The company remains an exclusive operator of Bombardier business aircraft.
"We're very proud to see Flexjet, LLC placing their trust in our new Learjet 85 aircraft," said Steve Ridolfi, President, Bombardier Business Aircraft.
"This endorsement is a tremendous vote of confidence as we move towards the first flight of the Learjet 85 jet before the end of the year. It's definitely a great way to celebrate Learjet's 50th anniversary," he added.
If all the options are exercised by Flexjet, the total value of its order would be around US$5.6bn, Bombardier said.
During Prime Minister David Cameron's visit to Bombardier as part of this month's Investment Conference, the company confirmed it had invested £520m in the factory used to built the wings of its new CSeries aircraft.