NetJets could exercise options on 175 more jets, bringing the contract’s value up to $7.3 billion.
MONTRÉAL: Bombardier has received orders for up to 275 of its Challenger business jets from NetJets in a deal worth more than $2.5 billion.
The Montreal-based aerospace giant says NetJets has placed firm orders for 100 business jets, with an option for another 175 more, which would bring the value of the deal up to $7.3 billion.
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’ new Challenger aircraft will feature a NetJets configuration and will be operated in North America and Europe.
An aftermarket agreement will see Bombardier provide scheduled and unscheduled line and heavy maintenance support for NetJets’ Challenger 300 Series and Challenger 605 Series aircraft. The Challenger aircraft fleet will also be enrolled in Bombardier’s Smart Services programs.
The aftermarket agreements covers a terms of up to 15 years and is valued at up to $820 million.
NetJets is a provider of private aviation with a fleet of over 700 aircraft worldwide.