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October 16, 2018

NetJets Confirms Delivery Schedule for its Global 7500 Aircraft and Continues to Exercise Options within the Extensive Bombardier Portfolio

  • NetJets confirms commitment to industry’s flagship Global 7500 aircraft, with first delivery in 2021
  • Options exercised are part of previous large-scale, landmark orders for Global and Challenger business jets
  • Options converted to newly firmed orders include five Challenger 350 aircraft and a Global 6000 aircraft, delivering in 2019
  • Bombardier portfolio offers the ultimate in performance, comfort, reliability and signature smooth ride

Bombardier announced today that NetJets Inc. confirmed the delivery schedule of its Global 7500 aircraft with the first delivery planned in 2021. NetJets’ original order for Global 7500 jets was among Bombardier's largest business aircraft orders in its history, which also included Global 5000 and Global 6000 aircraft as well as Challenger 350 and Challenger 650 aircraft. NetJets has also exercised options for five Challenger 350 aircraft and a Global 6000 aircraft to join the fleet of more than 120 Challenger and Global jets in service, as deliveries for the originally firm-ordered platforms are nearing fulfillment. Based on 2018 list prices, the new transactions are valued at approximately $195 million U.S.

Challenger and Global aircraft offer the ultimate in performance, comfort, reliability and signature smooth ride,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “Our aircraft are ideally suited to meet the needs of NetJets and its distinguished Owners, and this order is yet another testament that Bombardier provides its customers with the best business aviation experience. We are proud to continue to partner with NetJets.”

“The Global aircraft family is ideally suited to our Owners’ needs for range, reliability, interior comfort and smooth ride,” said Pat Gallagher, NetJets’ Executive Vice President of Sales and Marketing. “The industry’s flagship, the Global 7500 aircraft, will make a wonderful addition to our fleet, offering the ultimate combination of performance, luxury and innovation. It is the largest, most luxurious and longest-range business aircraft ever built and will be an excellent complement to our existing large-cabin capabilities and overall fleet that is unmatched in private aviation.”

NetJets previously placed a firm order for 50 Global business jets, with options for an additional 70 Global aircraft in 2011. The firm order included 20 Global 7500 and Global 8000 jets. In 2012, the company also announced a milestone order for 100 Challenger business jets, with options for an additional 175 aircraft. The firm order included 75 Challenger 350 and 25 Challenger 650 business aircraft.

Recently certified by Transport Canada, the Global 7500 aircraft has succeeded in elevating every standard by which a business jet is measured – comfort, luxury, performance and a smooth ride. Upon entry-into-service later this year, the Global 7500 aircraft will offer a spaciousness that is unique among business jets, with a full-size kitchen and four true living spaces. In addition, the Global 7500 aircraft boasts an unmatched range of 7,700 nautical miles, a full 300 nautical miles further than initial commitments. It has also exceeded its original takeoff and landing performance commitments, leading to a new published takeoff distance of 5,800 feet.

With a fleet of well over 700 aircraft, spanning from Light to Large cabin, NetJets provides its Owners with exceptional travel experiences around the globe in the industry’s most advanced business aircraft.

About NetJets

NetJets Inc., a Berkshire Hathaway company, is the worldwide leader in private aviation with the largest and most diverse private jet fleet in the world. NetJets was established in 1964 as the world’s first private jet charter and management company. In 1986, NetJets pioneered the concept of fractional aircraft ownership – offering individuals and businesses all of the benefits of whole aircraft ownership and more, at a fraction of the cost. Today, NetJets offers a full range of private aviation solutions through businesses bearing the NetJets®, Executive Jet Management®, and Marquis Jet Card® service brands in North America and Europe. For more information on NetJets customer programs and services visit www.netjets.com.

About Bombardier

With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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Bombardier, Challenger, Challenger 350, Challenger 650, Global, Global 5000, Global 6000, Global 7500 and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.