Bombardier Aerospace continues its surge in sales with the recent news that fractional operator NetJets has ordered up to 120 of Bombardier’s long-range, large-cabin Global business jets. NetJets placed a firm order for 50 Global jets, and has an option to buy 70 more.
The order consists of 30 Global 5000s and Global XRS airplanes, with deliveries to begin in the fourth quarter of 2012. In addition, there are 20 firm orders for Bombardier’s newly launched Global 7000 and Global 8000 jets. Those airplanes will be delivered beginning in 2017. The value of the firm order is approximately $2.8 billion, Bombardier says, and if the entire order goes through the value would be in excess of $6.7 billion. The Global jets join NetJets’ existing fleet of more than 800 airplanes worldwide.
The order marks a continuation of Bombardier’s recent success. Bombardier racked up orders for 78 of its business jets in the fourth quarter of 2011 alone; that’s more orders than have been placed with the company for the previous nine quarters.
Thomas A. Horne
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