Bombardier secures order for Global 8000 aircraft from NetJets

Bombardier logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

Nov 29 (Reuters) - Canada's Bombardier Inc (BBDb.TO) said on Tuesday that NetJets, operator of the world's largest fleet of private jets, will buy four Global 8000 business jets from the planemaker in a deal valued at $312 million.

The Berkshire Hathaway-owned private aircraft firm will be the fleet launch customer for the Global 8000s, and operate 24 of the new line by upgrading its entire in-service Global 7500 fleet.

Montreal-based Bombardier launched the Global 8000, its new long-range business jet, in May this year to compete better at a time when private jet operators are expanding their fleet to meet growing demand from the ultra-rich.

"With inventory sold out through 2023 in the U.S., we are continuing to invest in further expansion for prospective owners in North America and across the globe," said Patrick Gallagher, NetJets' president of sales, marketing, and service.

The order for the four aircraft is valued based on 2022 list prices, Bombardier said.

Reporting by Priyamvada C in Bengaluru; Editing by Shounak Dasgupta and Devika Syamnath

Our Standards: The Thomson Reuters Trust Principles.