Bombardier reveals VistaJet orders, options worth up to US$1.035 billion

PARIS – Bombardier Inc. (TSX:BBD.B) has received an order worth up to US$1.035 billion from VistaJet, which operates a fleet of private business aircraft.

VistaJet has placed firm orders for 20 Challenger 350s and acquired options for 20 more of Bombardier’s long-range business jets.

The announcement was made by the Montreal-based plane manufacturer on the second day of the Paris Air Show, a major event for the aviation industry.

VistaJet is a repeat customer for Bombardier Aerospace.

In November, VistaJet placed 56 firm orders and 86 options for Global aircraft from Bombardier, which is Canada’s largest aerospace company.

Bombardier says it will begin delivering the planes to VistaJet in 2014.

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