Bombardier Aerospace
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Bombardier Aerospace
Flexjet, LLC

Flexjet, LLC

May 23, 2016 05:00 ET

Bombardier Confirms Flexjet as Previously Undisclosed Buyer of 20 Challenger 350 Aircraft

- Strong demand driving Flexjet fleet expansion

- Flexjet has ordered a total of 40 Challenger 350 aircraft to date

GENEVA, SWITZERLAND--(Marketwired - May 23, 2016) - Bombardier confirmed today that Flexjet, LLC is the previously undisclosed customer that purchased 20 Challenger 350 jets. Bombardier and Flexjet, LLC celebrated the news with a special ceremony at the European Business Aviation Conference and Exhibition (EBACE) in Geneva. The order, announced on April 1, 2016, is valued at approximately $534 million US, based on the 2016 list prices for standard-equipped aircraft.

"We congratulate Flexjet on the continued growth and expansion of their fleet, and we appreciate the enthusiastic reception that Flexjet and its Owners have given our Challenger 350 aircraft," said David Coleal, President, Bombardier Business Aircraft. "The top-selling Challenger 350 aircraft has a superb track record and enjoys worldwide acceptance based on its reliability, value, and superior wide-body comfort. The Challenger 350 business jet is the backbone of the Flexjet fleet and will contribute to Flexjet's success for many years to come."

Bombardier began deliveries of Challenger 350 aircraft to Flexjet in January 2015, and the aircraft was met with strong demand from the start.

"The Challenger 350 jet and its predecessor, the Challenger 300, proved to be our bestseller in 2015," said Michael Silvestro, Flexjet's Chief Executive Officer. "Flexjet is in the business of providing travelers access to the world's most luxurious fleet of private jets, and this extraordinarily capable and comfortable aircraft holds tremendous appeal for our Owners and has been an important driver in the impressive growth Flexjet has been experiencing lately."

Challenger 350 aircraft: The Challenger 350 jet boasts class-defining performance, a true seats full, tanks full, 3,200 nm (5,926 km) range and will connect New York City with London*. Building upon the legendary segment-defining Challenger 300 jet, it features a state-of-the-art cabin that maximizes natural light and redefines the man-machine interface, all the while maintaining the performance attributes that have become synonymous with the Challenger aircraft family.

About Flexjet

Flexjet first entered the fractional jet ownership market in 1995, and celebrated its 20th anniversary in May 2015. Flexjet offers fractional jet ownership and leasing. Flexjet's fractional aircraft program is the first in the world to be recognized as achieving the Air Charter Safety Foundation's Industry Audit Standard, and Flexjet is the first and only company to be honoured with its 17th FAA Diamond Award for Excellence. Flexjet's fractional program fields some of the youngest aircraft in the fractional jet industry, with an average age of approximately six years. Flexjet is a member of the Directional Aviation family of companies. For more details on innovative programs and flexible offerings, visit www.flexjet.com or follow us on Twitter @Flexjet.

About Bombardier

Bombardier is the world's leading 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 Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indices. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

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*Under certain operating conditions.

Bombardier, Challenger, Challenger 300, Challenger 350 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

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