Thursday, December 6, 2012, 9:34 AM
Delta Airlines (DAL) chooses Bombardier (BDRAF.PK) over Embraer (ERJ -5.3%) and orders 40 CRJ900 NextGen regional jets from the Canadian company, and takes an option to acquire another 30 in a deal that could be worth up to $3.29B. The initial value is $1.85B. The booking adds to orders worth billions of dollars that Bombardier received from Berkshire Hathaway's NetJets and VistaJet.
Comment![On the Move]
Tuesday, November 27, 2012, 5:52 AM
Bombardier (BDRAF.PK) receives what could turn out to be its largest-ever booking after luxury air-charter specialist VistaJet orders 56 of the Canadian company's Global-series business jets and takes options for 86 more. The initial value of the deal is $3.1B, a figure that could rise to $7.8B. The agreement highlights how orders for corporate jets are recovering following a four-year slump.
Monday, October 29, 2012, 8:29 AM
Honeywell (HON) gets upbeat about the corporate jet market, predicting that the number delivered will rise 9% globally this year and next, and will reach $250B worth by 2022. Honeywell's Rob Wilson even predicts a decoupling of U.S. corporate results and jet sales as demand grows in Asia and Latin America. In addition to Honeywell, those that should benefit include GD's (GD) Gulfstream, Textron's (TXT) Cessna, Bombardier and Embraer (ERJ). (PR)
Monday, June 11, 2012, 6:10 PM
Berkshire Hathaway's (BRK.A, BRK.B) NetJets places $9.6B in purchase orders with Bombardier (BDRAF.PK, BDRBF.PK) and Cessna (TXT) for 425 new aircraft, in a deal NetJets calls the largest private aviation order in history. NetJets CEO Jordan Hansell is betting on a rebound in luxury flights after predecessor David Sokol cut the size of the fleet to cope with lower demand.
Tuesday, September 20, 2011, 11:48 AM
Bombardier (BDRAF.PK +0.3%) says it's cutting production of its CRJ aircraft as of January due to slackening demand. The decision is part of the company's pre-announced plan to streamline its production over the next three months. It doesn't expect any job cuts, noting employees will be transfered to other current and in-development aircraft projects.
Comment![Global & FX]