Vista Global Places $1.18 Billion Business Jet Order with Bombardier
Vista Global, a private jet provider based in Dubai, has placed a substantial order for Bombardier’s Challenger 3500 business jets. This deal, valued at $1.18 billion, encompasses an initial purchase of 40 aircraft.
Details of the Bombardier Order
The order for the Challenger 3500 includes options for an additional 120 jets. If these options are exercised, the total value could reach approximately $4.72 billion. This highlights the growing demand for business jets amidst a robust private flying market.
About the Challenger 3500
The Bombardier Challenger 3500 is an upscale variant of the popular Challenger 350 model. It has the capacity to comfortably accommodate up to 10 passengers, making it an attractive option for business flights.
Market Context and Company Performance
Bombardier has experienced significant growth recently, with a reported 11% increase in third-quarter revenue last November. The demand for both new jets and aftermarket services is driving the company’s expansion plans in the U.S. market.
- Valuation of the order: $1.18 billion for 40 jets
- Potential total value: $4.72 billion for 160 jets
- Seating capacity: Up to 10 passengers
- Bombardier’s share price increase: Over 211% in one year
Regulatory Challenges
Recently, Bombardier faced scrutiny from U.S. President Donald Trump regarding certification delays involving competing aircraft from Gulfstream. However, this issue appears to be resolving, as the head of the U.S. Federal Aviation Administration has indicated that Canada is expected to certify several Gulfstream jets soon.
This order from Vista Global is not only a testament to Bombardier’s robust market position but also reflects the continued growth in the private aviation sector.
