Bombardier wins US$1.18-billion order from Vista Global for Challenger 3500 jets

Bombardier said Vista Global ordered US$1.18-billion for 40 Challenger 3500 business jets, with options for 120 more that could raise the total to about US$4.72-billion.

Bombardier said on Wednesday that Dubai-based Vista Global placed an order for 40 Challenger 3500 business jets worth US$1.18 billion. The company said the deal includes options for an additional 120 aircraft, which would raise the total value to about US$4.72 billion. The order comes as demand for private flying remains strong, and Bombardier has reported rising revenue and growing aftermarket demand. Key details: - Vista Global placed an order for 40 Challenger 3500 business jets valued at US$1.18 billion. - The contract includes options for 120 additional aircraft, taking potential total value to about US$4.72 billion. - The Challenger 3500 is an upscaled variant of the Challenger 350 and seats up to 10 passengers according to Bombardier. - Bombardier reported an 11-per-cent rise in third-quarter revenue in November and said customer demand for aftermarket care is growing. - Bombardier recently faced U.S. threats of decertification tied to certification delays for a rival; the head of the U.S. Federal Aviation Administration said he expected Canada to certify some delayed Gulfstream jets. Summary: The order strengthens Bombardier's order book and aligns with company comments about higher demand and expanding services. Bombardier said it is considering raising production and expanding aftermarket service in response. Undetermined at this time.