businesspress24.com - Bombardier Closes the Sale of Flexjet's Activities to a Group Led by Directional Aviation Capit
 

Bombardier Closes the Sale of Flexjet's Activities to a Group Led by Directional Aviation Capital

ID: 1289272

(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 12/05/13 -- Bombardier (TSX: BBD.A)(TSX: BBD.B) announced today the closing of the sale of Flexjet's activities to Flexjet, LLC, a newly-created company funded by a group led by Directional Aviation Capital. The previously announced total consideration of $185 million US, following purchase price adjustments, is now estimated at $195 million US, including the assumption of an estimated $70 million US of customer advances by the acquirer. This transaction has received the approval of all appropriate regulatory authorities and other consents from government bodies in the U.S.

As a result of this closing, a firm order by Flexjet, LLC for 115 business aircraft (25 Learjet 75, 60 Learjet 85, 20 Challenger 350 and 10 Challenger 605 jets) is now confirmed. The agreement also includes options for an additional 150 business jets. The transaction for the firm aircraft order is valued at approximately $2.4 billion US based on 2013 list prices. If all the options are exercised, the total value of the order will be approximately $5.6 billion US, also based on 2013 list prices.

About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at or follow us on Twitter .

Bombardier, Challenger, Challenger 350, Challenger 605, Learjet, Learjet 75, Learjet 85 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.







Contacts:
Isabelle Rondeau
Director, Communications
Bombardier Inc.
+514 861 9481


Shirley Chenier
Senior Director, Investor Relations
Bombardier Inc.
+514 861 9481


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Bombardier Closes the Sale of Flexjet's Activities to a Group Led by Directional Aviation Capital
Bereitgestellt von Benutzer: Marketwired
Datum: 05.12.2013 - 08:13 Uhr
Sprache: Deutsch
News-ID 1289272
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