Bombardier has signed a memorandum of understanding with Flexjet for the purchase of 20 Challenger 350 aircraft. The transaction is valued at approximately US$544m, based on the current list price for standard-equipped aircraft.
Bombardier business aircraft have formed the backbone of Flexjet’s fractional ownership offering since the company was founded two decades ago. Flexjet’s fleet has an average age of approximately six years, and includes Challenger 350 aircraft outfitted with custom Flexjet-branded LXi Cabin Collection interiors.
“We are experiencing growing demand in the super midsize segment, where owners are seeking more spacious and luxurious cabins, coupled with greater speed and range,” said Michael Silvestro, CEO at Flexjet. “Our owners have already expressed their appreciation for the luxurious comfort and superior performance of the Challenger 350 aircraft, and we look forward to offering them more options for an outstanding experience.”
November 23, 2015