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Bombardier (TSX:BBD.A) announces NetJets order for Global 8000 jets

Aviation, Market News, Transport
TSX:BBD.A
29 November 2022 11:00 (EDT)
Bombardier - Global 8000 interior.

Source: Bombardier.

Bombardier (BBD.A) reports that NetJets has ordered four of its Global 8000 jets for $312 million.

NetJets, a Berkshire Hathaway company, provides shared jet ownership, lease and jet card options, aircraft management, private jet chartering, brokerage and acquisition services, as well as specialized security services.

NetJets is also converting its Global 7500 fleet and eight existing orders for Bombardier products to the 8000 model, which will bring its Global 8000 fleet to 24.

The Global 8000 features an industry-leading range of 8,000 nautical miles and a top speed of Mach 0.94, as well as cutting-edge entertainment systems and advanced HEPA filter technology.

The aircraft also features the Nuage seat, offering the first zero-gravity position in a business jet, allowing owners to arrive at their destinations revitalized and refreshed.

“The new Global 8000 aircraft is the ultimate solution for NetJets’ discerning owners, offering a truly seamless private aviation experience,” stated Eric Martel, Bombardier’s President and CEO. “NetJets’ experience and expertise make them the ideal partner to unlock the full potential of this revolutionary business jet in a large fleet context.”

“The new Global 8000 will help us to continue offering our owners, specifically our international travellers, the pinnacle in unforgettably personalized experiences aboard the finest ultra-long-range aircraft available,” added Patrick Gallagher, NetJets’ President of Sales, Marketing and Service.

Bombardier provides business jet design, manufacturing and services.

Bombardier (BBD.A) is down by 0.15 per cent, trading at $47.20 per share as of 10:15 am ET.


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