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Squawks & HeadlinesBombardier sells Flexjet and new owner orders 245 business jets

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Bombardier sells Flexjet and new owner orders 245 business jets

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Bombardier announced the sale of its Flexjet aircraft ownership business on Thursday Sept. 5, and the new owners agreed to order up to 245 Bombardier business jets valued at USD$5.2 billion. A group led by Ohio-based private investment firm, Directional Aviation Capital, is buying the fractional ownership business for USD$185 million in a deal expected to close before the end of the year. (airguideonline.com) More...

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tarbaby
phil gibson 1
Venture capitalist...........uh...oh.......yea right!

[This poster has been suspended.]

JakeWythe
Jake Wythe 0
(Duplicate Squawk Submitted)

Bombardier Spins Off Flexjet, Gets $5.2 Billion Order

Bombardier, the world’s only manufacturer of both trains and planes, announced it will spin off its Flexjet unit and sell it to Flexjet LLC, a newly-created company. In addition, the newly-formed company said that it has placed a firm order for new Bombardier aircraft.

http://www.frequentbusinesstraveler.com/2013/09/bombardier-spins-off-flexjet-gets-5-2-billion-order/