Prequel 1:
McConnell Links Magnotta’s Canada Post to Ladner Beaudry Contract Hit
Prequel 2:
McConnell Links Magnotta Mail-Order Head to Trudeau crypto-pedophile Ring
Bombardier's EW pilot (cf. FADEC Fadeout Sukhoi SuperJet)
Warren Buffet buys up to US $9.6 billion worth of Bombardier jets
MONTREAL - Bombardier Inc. shares (TSX:BBD.B) will be in the spotlight following a major deal with one of Warren Buffett’s companies, which is poised to buy up to $9.6 billion worth of business jets and services if all options are exercised.
Private jet company NetJets Inc. signed a deal Monday to buy up to 275 Bombardier Challenger business jets that could be worth up to US$7.3 billion. There are 100 firm orders and 175 options.
Bombardier said it has also signed a 15-year service and maintenance agreement for the aircraft valued at as much as an additional US$2.3 billion if all the options are exercised.
“This purchase demonstrates our long-term planning and represents our ongoing commitment to providing unparalleled safety and service in aircraft uniquely customized for our owners,” NetJets chairman and CEO Jordan Hansell said in a statement.
“We are confident that NetJets’ market leadership and strong foundation position us to make long-term investments in our business to differentiate our fleet in ways that no one else in the industry can.”
NetJets is a unit of Berkshire Hathaway Inc., the main company of renounced billionaire investor Warren Buffett.
The deal includes 75 firm orders and 125 options for the Challenger 300 Series aircraft as well as 25 firm orders and 50 options for the larger Challenger 605 Series aircraft.
The firm orders are worth $2.6 billion based on 2012 list prices.
The order follows a deal earlier this year that saw NetJets order up to 120 of Bombardier’s Global business jets in a deal worth as much as US$6.7 billion.
“We are very proud that, once again, NetJets has selected Bombardier aircraft to grow and support the expansion of its fleet worldwide,” said Steve Ridolfi, president of Bombardier Business Aircraft.
“These aircraft are renowned for their reliability, performance and wide cabin comfort. We are convinced that the Challenger jets will complement NetJets’ existing fleet perfectly.”
In addition to the Bombardier order, NetJets said Monday that it has placed an order for 150 Cessna Citation Latitudes, including 25 firm orders and options for 125 more, with deliveries beginning in 2016.
Besides now being a supplier to NetJets, Bombardier also competes with the company, which allows customers to buy a portion of a business jet, with its own fractional jet ownership business called Flexjet.
Flexjet offers customers whole and fractional ownership and management of business jets and access to two fleets, including its Learjet and Challenger aircraft as well as a network of charter operators.
Bombardier shares were down nine cents at $3.65 on the Toronto Stock Exchange on Monday.
The Canadian Press”
Presidential Field offers support to those who wish to enter Magnotta and the Royal Mail head’s OODA loop to discover the reality behind the Sukhoi SuperJet crash of May 9.
Presidential Mandate
Abel Danger
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