Flexjet announced it is doubling its recent Learjet 85 aircraft order of 30 aircraft by converting 30 options into firm orders for a total of 60 business jets valued at approximately $1.2 billion.
The options were originally purchased on September 5, 2013 as part of the historic order for up to 245 Bombardier business jets. Additionally, Flexjet, LLC is procuring incremental options for 20 Learjet 85 aircraft. This latest transaction increases the total firm aircraft order to $2.4 billion for 115 aircraft and 150 options. If all options are exercised, the total value of the order will increase from $5.2 to $5.6 billion.
That’s a bunchload of money, we at AIRheads↑Fly and probably also the guys and girls running Bombardier think. Flexjet is the launch customer for the all-new Learjet 85 aircraft – one of the fastest and most spacious aircraft in its segment.
Last month, Flexjet announced its purchase by a group led by Directional Aviation Capital and the largest private aviation order in its history valued at approximately $5.2 billion for up to 245 Bombardier business jets. The transaction for the sale of Flexjet is expected to close by the end of the year. Flexjet, the world’s second largest fractional jet ownership services provider, currently manages one of the youngest collections of aircraft in the fractional jet industry – averaging approximately six years of age – which will be refreshed with each new aircraft delivery.
Richardson, Texas-based Flexjet first entered the fractional jet ownership market in 1995. Flexjet now offers whole aircraft ownership and management, fractional jet ownership, jet cards and charter brokerage services. Flexjet’s fractional program fields an exclusive family of Bombardier business aircraft – one of the youngest in the fractional jet industry with an average age of approximately six years – including the Learjet 40 XR, Learjet 45 XR, Learjet 60 XR, Challenger 300 and Challenger 605 business jets. For more details on innovative programs and flexible offerings, visit www.flexjet.com.