Bombardier Inc closes sale of Flexjet's activities to a Group Led by Directional Aviation Capital

Thursday, 5 Dec 2013 09:06am EST 

Bombardier Inc:Says the closing of the sale of Flexjet's activities to Flexjet, LLC, a newly-created company funded by a group led by Directional Aviation Capital.Says the previously announced total consideration of $185 million, following purchase price adjustments, is now estimated at $195 million, including the assumption of an estimated $70 million of customer advances by the acquirer.Says the transaction has received the approval of all appropriate regulatory authorities and other consents from government bodies in the U.S.Says as a result of this closing, a firm order by Flexjet, LLC for 115 business aircraft (25 Learjet 75, 60 Learjet 85, 20 Challenger 350 and 10 Challenger 605 jets) is now confirmed. 

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