NetJets announced yesterday that it has agreed with Bombardier to buy 120 Global aircraft over the next many years. The deal, which is valued at $6.7 billion, includes firm orders for 50 aircraft and options for 70. Details on the options were not made public initially. The order includes Global 5000, Global Express XRS Vision, and the recently launched Global 7000 and Global 8000 ultra-long-range jets. First deliveries are slated to begin around the end of next year. First order deliveries of the 7000 and 8000 are pegged for 2017. The deal marks not only the largest order in bizjet history but the first time that NetJets has made a fleet deal with Bombardier.
Largest Aircraft Purchase in History of Private Aviation
Key Takeaways:
- NetJets has placed a record-breaking $6.7 billion order with Bombardier for 120 Global aircraft, comprising 50 firm orders and options for 70 more.
- This landmark deal, the largest in business jet history and NetJets' first fleet agreement with Bombardier, includes various models such as the Global 5000, Global Express XRS Vision, and the new Global 7000/8000 ultra-long-range jets.
- First deliveries are slated to begin around the end of next year, with the Global 7000 and 8000 models expected to arrive in 2017.
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