Bombardier Aerospace, a unit of Bombardier Inc. (BBD_A.TO, BBD_B.TO), said Tuesday that VistaJet, a luxury aviation company and exclusive operator of Bombardier business aircraft, has placed firm orders for 20 Challenger 350 jets and options for an additional 20 Challenger 350 jets. The transaction for the firm aircraft order is valued at about US$518 million based on 2013 list prices.
If all the options are exercised, the total value of the order is about US$1.035 billion, based on 2013 list prices. Deliveries for the Challenger 350 aircraft, launched last May 20, will begin in mid-2014.
In November 2012, VistaJet placed the largest business aircraft order in Bombardier's history with orders for up to 142 Global business jets, which included firm orders for 56 Global jets and options for a another 86 Global jets at a 2012 U.S. list price value of more than $7.8 billion, if all options were exercised. The value of the firm order was approximately $3.1 billion at 2012 list prices.
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