NetJets Orders Up to 275 Bombardier Challenger Business Jets
Today, just over one year after the largest business aircraft sale in its history, Bombardier Aerospace surpassed that record, announcing a firm order from NetJets Inc. for 100Challenger business jets with options for an additional 175 aircraft. Bombardier also announced a long-term aftermarket support agreement with NetJets. The transaction for the firm aircraft order is valued at approximately $2.6 billion US based on 2012 list prices. If all the options are exercised, the total value of the order is approximately $7.3 billion US, also based on 2012 list prices. The aftermarket agreement is for a term of up to 15 years. Assuming certain aircraft usage projections and a 15-year term per firm aircraft, it is valued at up to $820 million US. If all options are exercised, the aftermarket agreement is valued at up to $2.3 billion US. The combined sale and aftermarket agreement are valued at approximately $9.6 billion US if all options are exercised.
The firm order comprises 75 Challenger 300 Series jets, with deliveries scheduled to begin in 2014, and 25 Challenger 605 Series jets, with deliveries scheduled to begin in 2015. The options comprise 125 Challenger 300 Series and 50 Challenger 605 Series jets. NetJets’ newChallenger aircraft will feature a NetJets configuration and will be operated in North America and Europe.