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Bombardier - CEO, Eric Martel - The Market Herald Canada
CEO, Eric Martel
Source: Hydro Quebec
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  • Bombardier (BBD.A) confirms VistaJet as the customer for its previously disclosed order for 10 Challenger 350 business jets
  • VistaJet ordered the jets in response to growing demand in the super-midsize segment
  • VistaJet has also taken delivery of its first two Global 7500 business jets
  • Bombardier is a global leader in aviation, creating innovative and game-changing planes
  • Bombardier (BBD.A) is down 1.55 per cent and is currently trading at C$1.27 per share

Bombardier (BBD.A) confirms VistaJet as the customer for its previously disclosed order for 10 Challenger 350 business jets.

The sale, announced on December 23, was one of the largest jet orders of 2020.

VistaJet ordered the Challenger 350 business jets in response to growing demand in the super-midsize segment.

VistaJet, a longtime Bombardier customer, has also taken delivery of its first two
Global 7500 business jets.

Bombardier's flagship Global 7500 jet is designed to be a home and office in the skies. The company recently celebrated its 50th delivery of the aircraft.

Éric Martel, Bombardier's President and CEO, commented,

"We are extremely proud of our long-standing partnership with VistaJet and are thrilled that they have again chosen Bombardier aircraft to support their fleet expansion plans.

With unmatched performance and comfort, the Global 7500 and Challenger 350
are the perfect aircraft to support VistaJet’s rapid growth as more people turn to business aviation and the enhanced safety and reliability it provides."

Thomas Flohr, Founder and Chairman of VistaJet, added,

"It is an incredibly exciting time as VistaJet transforms the architecture of how companies and individuals fly. We continue to see rapid acceleration in new members, which is driven by corporate and executive demand for our business mobility offerings.

We remain committed to providing critical support to businesses in this new world — we kept our business steady during 2020 and we are already seeing much increased demand for VistaJet’s asset-free solutions in 2021 and beyond."

Bombardier is a global leader in aviation, creating innovative and game-changing planes. The company is present in more than 12 countries and manages a fleet of approximately 4,900 aircraft in service with multinational corporations, charter and fractional ownership providers, governments and private individuals.

Bombardier (BBD.A) is down 1.55 per cent and is currently trading at C$1.27 per share as of 9:51 am ET.

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