Bombardier Aerospace
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Bombardier Aerospace

May 29, 2018 15:16 ET

Bombardier Signs Letter of Intent with HK Bellawings Jet Limited for up to 18 Global 6500 and Global 7500 Aircraft

- Newest additions to the Global family demonstrating overwhelmingly positive response from customers and business aircraft industry

- Global 6500 and Global 7500 aircraft are perfectly suited for operations in Asia, offering global reach to key cities around the world

- New aircraft join HK Bellawings Jet Limited's existing fleet of Challenger and Global business aircraft

GENEVA, SWITZERLAND--(Marketwired - May 29, 2018) -

Note to Editors: There is a photo associated with this press release.

Bombardier announced today that it has signed a letter of intent (LOI) for up to 18 Global 6500 and Global 7500 business jets with HK Bellawings Jet Limited, a leading aircraft management company based in Hong Kong. If all firm orders and options are exercised, the transaction would be valued at approximately $1.14 billion U.S. based on 2018 list prices.

"We're thrilled with the tremendous response we have received since launching our newest Global aircraft just days ago," said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. "Our leading Global aircraft will contribute to the continued success of HK Bellawings Jet Limited and its operations in the region."

"We are glad to announce our letter of intent to purchase 18 Global 6500 and Global 7500 on the first day of EBACE. Global 6500 and Global 7500 are the top-of-the-range aircraft from Bombardier's latest generation. The two models align with HK Bellawings' rapid development to be a one-stop business aviation solution, empowering us to reach higher and further in the long run," HK Bellawings' President Mr. Zhang Yijia said.

The recently launched Global 6500 jet and the renamed Global 7500 aircraft set the standard with the longest range and the largest cabins in their respective classes-all while offering Bombardier's signature smooth ride.

The Global 6500 aircraft joins the high-performing Global aircraft family, offering additional range and speed, as well as highly favorable operating costs versus smaller competing aircraft with less range. The Global 6500 can connect Hong Kong or Singapore with London.

The Global 7500 aircraft now has an unmatched range of 7,700 nautical miles, a full 300 nautical miles further than initial commitments. It is the only business aircraft that can connect New York to Hong Kong, and Singapore to San Francisco, nonstop.

Based in Hong Kong, HK Bellawings Jet Limited is a distinguished business jet management company dedicated to providing a diverse array of professional, highly efficient and comprehensive business aviation services and solutions, which include business jet management, aircraft maintenance, travel concierge service, aircraft acquisition service, and business aviation consultancy. They operate a fleet of Challenger and Global business aircraft.

About Bombardier

With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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Bombardier, Challenger, Global, Global 6500, and Global 7500 are trademarks of Bombardier Inc. or its subsidiaries.

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