Finance

Bombardier gets $534 mln order for 20 Challenger 3500 jets

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Bombardier Inc. President and Chief Govt Officer Eric Martel unveils a mockup of the corporate’s new Challenger 3500 enterprise jet at a digital occasion in Montreal, Quebec, Canada September 14, 2021. REUTERS/Christinne Muschi

Sept 30 (Reuters) – Bombardier Inc mentioned on Thursday that it had obtained a agency order value $534 million for 20 items of an upgraded variant of its Challenger 350 plane, marking its greatest enterprise jet deal this 12 months.

The refreshed jet, named Challenger 3500, was launched earlier this month as Bombardier vies to guard its dominant share of the market and capitalize on greater demand for personal flying in the course of the pandemic.

Bombardier, which has centered on paying down debt after dealing with a money crunch in 2015, is below fixed strain to improve its costly enterprise jets in a market the place rich consumers demand the most recent options.

The Challenger 3500 seats as much as 10 passengers and comes with voice-controlled cabin techniques for a variety of features like lighting and multimedia. Additionally it is outfitted with a smaller model of the chaise lounge seats discovered on the flagship World 7500.

The jet, anticipated to enter service within the second half of 2022, will record for $26.7 million, the identical worth because the 350, the corporate has mentioned.

The corporate didn’t disclose the title of the client.

Reporting by Sanjana Shivdas in Bengaluru; Modifying by Shailesh Kuber and Anil D’Silva

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