Time sharing fuels jet sales
Article Abstract:
Berkshire Hathaway Inc.'s $725-million acquisition of Executive Jet Inc. has marked "fractional" aircraft ownership that prompts sales of private fuel jets. The fractional ownership, considered as the fastest growing sector in the aviation industry, is started by the Montvale, NJ-headquartered Executive Jet. The NJ-based firm stays the biggest in the industry with approximately 130 planes that include 16 high-end Gulfstream IV SPs. Meanwhile, Bombardier-owned Business Jet Solutions Inc. expects to have sold 63 planes through its fractional ownership program at the end of 1998.
Comment:
$725-million acquisition of Executive Jet Inc has marked "fractional" aircraft ownership that prompts sales of private fuel jet
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Bombardier strikes 'huge' deal with Northwest
Article Abstract:
Northwest Airlines Inc of Eagan, MN, has ordered 54 50-seat Canadair Regional jets from Bombardier Inc. The contract, which is valued at around $1.3 billion, is spread over a period of four years. The aircraft has a sticker price of C$20.1 million in 1988, and the buyer also pay more for add-ons such as pilot training services and spare parts. The airlines also bought options on another 70 aircraft to guarantee itself a priority in the delivery line among future CRJ buyers.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Bombardier soars on jet orders, but turbulence may loom ahead
Article Abstract:
Bombardier Inc enjoys record-breaking orders for its six-yr-old Canadair Regional Jet (CRJ), but some analysts are saying this will not continue. The sales of both the 50-seat and 770-seat versions of the CRJ topped the 1,000 mark after Bombardier received a record C$1.9-billion order for 54 50-seaters from Northwest Airlines. However, analysts believe actual future sales of CRJ will depend on the economy, trade rulings and competitors.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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