NetJets to Buy 50-120 Jets from Bombardier
03-01-2011, 07:17 PM
#1
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NetJets to Buy 50-120 Jets from Bombardier
$6.7 billion deal to buy up to 120 planes
(3/01/2011, Reuters, S. Kim) - Bombardier Inc said on Tuesday it has agreed to sell as many as 120 aircraft to NetJets Inc in a deal that could earn it more than $6.7 billion. The deal, consisting of a firm order of 50 jets and options to purchase a further 70, is the largest business aircraft sale for Bombardier, the world's No. 3 civil aircraft maker after Airbus and Boeing. NetJets, the corporate aircraft unit of Warren Buffett's Berkshire Hathaway Inc, has placed orders for 50 business jets with a total value of $2.8 billion. If all the options for the additional 70 aircraft are exercised, the total value of the order will surpass $6.7 billion. Deliveries of these aircraft will begin in 2017, the company said. NetJets currently operates a global fleet of more than 800 aircraft.
Bombardier website
(3/01/2011, Reuters, S. Kim) - Bombardier Inc said on Tuesday it has agreed to sell as many as 120 aircraft to NetJets Inc in a deal that could earn it more than $6.7 billion. The deal, consisting of a firm order of 50 jets and options to purchase a further 70, is the largest business aircraft sale for Bombardier, the world's No. 3 civil aircraft maker after Airbus and Boeing. NetJets, the corporate aircraft unit of Warren Buffett's Berkshire Hathaway Inc, has placed orders for 50 business jets with a total value of $2.8 billion. If all the options for the additional 70 aircraft are exercised, the total value of the order will surpass $6.7 billion. Deliveries of these aircraft will begin in 2017, the company said. NetJets currently operates a global fleet of more than 800 aircraft.
Bombardier website
03-01-2011, 09:08 PM
#3
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Already been asked in recurrent..No net growth for NJA..Possibly just replacements for some of the older fleets.
China? Who the heck knows...That's a pretty hefty order for an operation not even off the ground yet though.....
If I was still there I'd be excited for new airframes to get typed in...But as a furloughee, it's not real exciting news. Nothing ground breaking....A/C we'll never sit in...
China? Who the heck knows...That's a pretty hefty order for an operation not even off the ground yet though.....
If I was still there I'd be excited for new airframes to get typed in...But as a furloughee, it's not real exciting news. Nothing ground breaking....A/C we'll never sit in...
03-02-2011, 02:28 AM
#5
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Firm order for 50 Global express. 30 of those will be Global express 5000s, and we have 27 G-IVs that will need to replaced soon, you guys do the math....
my 2 cents
my 2 cents
Last edited by UCLAbruins; 03-02-2011 at 03:15 AM.
03-02-2011, 02:44 AM
#6
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Originally Posted by UCLAbruins
Firm order for 50 Global express. 30 of those will be Global express 5000s, and we have 27 G-IVs that will need to replace soon, you guys do the math....
my 2 cents
my 2 cents
03-02-2011, 03:01 AM
#7
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Originally Posted by ASpilot2be
Are the G-IVs getting that old? I know I dont see them come through ANC a lot. Are they more of a domestic bird?
The -IVs do Europe, Hawaii, Caribbean, upper South America and yes more and more domestic.
03-02-2011, 03:07 AM
#8
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Originally Posted by UCLAbruins
If you see a QS Gulfstream in ANC, it means is going to Asia or coming from Asia. The G-IVs hardly ever go to Asia, that's a V/550 thing...
The -IVs do Europe, Hawaii, Caribbean, upper South America and yes more and more domestic.
The -IVs do Europe, Hawaii, Caribbean, upper South America and yes more and more domestic.
03-02-2011, 03:10 AM
#9
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Originally Posted by jrmyl
My thought is that these will be for a China operation. Every time I am in China I never see anything smaller than a Global or Gulfstream. Can't imagine NJ would start an op there with Ultras. 
Jrmyl
Jrmyl
Who knows what the plan is
03-02-2011, 04:50 AM
#10
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