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Bombardier strikes new multi-billion deals in Asia and Europe

Konstantin Sheiko
June 17, 2018

Bombardier has signed a letter of intent with aircraft management company HK Bellawings Jet to provide up to 18 Global 6500 and Global 7500 business jets. If all the firm orders and options are exercised, the deal will be worth around $1.14bn at list prices.

Bombardier recently launched its Global 6500 aircraft under the company’s Global family of business jets. The new Global 6500 aircraft are designed to provide additional range and speed. Powered by Rolls-Royce Pearl engines, the aircraft can connect Hong Kong or Singapore with London.

Capable of flying at 6,600 nautical miles range, this family of aircraft is expected to enter service at the end of next year. Bombardier’s Global 7500 aircraft can fly at a range of 7,700 nautical miles and can provide non-stop flights from New York to Hong Kong, and Singapore to San Francisco.

HK Bellawings Jet president Zhang Yijia said: “Global 6500 and Global 7500 are the top-of-the-range aircraft from Bombardier’s latest generation. “The two models align with HK Bellawings’s rapid development to be a one-stop business aviation solution, empowering us to reach higher and further in the long run.”

HK Bellawings primarily offers business aviation services, which is made up of business jet management, aircraft maintenance, travel concierge service, aircraft acquisition service, and business aviation consultancy. The company currently operates a fleet of Bombardier’s Challenger and Global business aircraft. 

In another breakthrough deal,  Latvian airline airBaltic has executed a firm purchase agreement to buy 30 CS30 aircraft for around $2.9bn from Bombardier Commercial Aircraft. The order includes options and purchase rights for an additional 30 CS300 aircraft. If these are exercised, the value of the deal will increase to around $5.9bn.

The newly placed order has made airBaltic the largest European C Series customer and the second largest customer of the same aircraft type globally. Bombardier is expected to begin delivery of the new aircraft by the fourth quarter of next year.  

iStock / Artyom_Anikeev