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Flexjet sign MoU for 20 Challenger 350 business jets

Bombardier Business Aircraft has signed a Memorandum of Understanding (MOU) with Flexjet, LLC of Richardson, Texas, to purchase 20 Chall...


Bombardier Business Aircraft has signed a Memorandum of Understanding (MOU) with Flexjet, LLC of Richardson, Texas, to purchase 20 Challenger 350 aircraft.

The transaction is valued at approximately $544 million US, based on the current list price for standard-equipped aircraft.

Fractional ownership pioneer Flexjet, LLC ranks as one of the world’s largest providers of private jet travel, and Bombardier business aircraft have formed the backbone of Flexjet’s offering since the company was founded two decades ago.

Offering travellers access to the world’s most luxurious fleet of private jets, Flexjet’s fleet features some of the youngest aircraft in the fractional jet industry with an average age of approximately six years, including Challenger 350 aircraft custom outfitted with Flexjet-branded LXi Cabin Collection ultra-luxurious interiors.

The Challenger 350 jet has a 3,200 NM (5,926 km) range that will enable to connect New York City with London.

Flexjet, LLC first entered the fractional jet ownership market in 1995, and celebrated its 20th anniversary in May 2015. Flexjet offers fractional jet ownership and leasing.