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Bombardier sells Flexjet and new owner orders 245 business jets

Bombardier announced the sale of its Flexjet aircraft ownership business on Thursday Sept. 5, and the new owners agreed to order up to 245 Bombardier business jets valued at USD$5.2 billion. A group led by Ohio-based private investment firm, Directional Aviation Capital, is buying the fractional ownership business for USD$185 million in a deal expected to close before the end of the year. ( More...

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phil gibson 1
Venture capitalist...........uh...oh.......yea right!

[This poster has been suspended.]

Jake Wythe 0
(Duplicate Squawk Submitted)

Bombardier Spins Off Flexjet, Gets $5.2 Billion Order

Bombardier, the world’s only manufacturer of both trains and planes, announced it will spin off its Flexjet unit and sell it to Flexjet LLC, a newly-created company. In addition, the newly-formed company said that it has placed a firm order for new Bombardier aircraft.


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