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6/13/2012 8:25 AM ET

Bombardier Inc. (BBD_A.TO: Quote,BBD_B.TO: Quote) announced that London Air Services, or LAS, has placed firm orders for five Learjet 75 aircraft, valued at around $65 million.

According to Bombardier, the Learjet 75 aircraft will have improved performance through an engine thrust increase with the Honeywell TFE731-40BR engines, offering improved takeoff field length performance over its predecessor, the Honeywell TFE731-20BR. The new systems will further contribute to a weight savings gain and the new canted winglets will improve aerodynamic efficiency. In total, Bombardier expects up to a nine percent improvement in field performance under hot and high conditions and up to a four per cent improvement in fuel efficiency.

Steve Ridolfi, president, Bombardier Business Aircraft, stated, "London Air Services is a premier fleet operator and early adopter of Bombardier business aircraft, having been a launch customer for several of our products, including being the Canadian launch customer for our new Global 7000 jet."

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