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Bombardier announces $1.04B order for 40 business jets by VistaJet

Bombardier announced today that VistaJet, a world-leading luxury aviation company and exclusive operator of Bombardier business aircraft, has placed firm orders for 20 Challenger 350 jets and options for an additional 20 Challenger 350 jets. The transaction for the firm aircraft order is valued at approximately $518M based on 2013 list prices. If all the options are exercised, the total value of the order is approximately $1.04B, based on 2013 list prices. Deliveries for the Challenger 350 aircraft, launched last May 20, will begin in mid-2014.