Flexjet doubles firm Learjet 85 aircraft order, adds more options

Flexjet, LLC is doubling its recent Learjet 85 aircraft order of 30 aircraft by converting 30 options into firm orders for a total of 60 business jets valued at approximately $1.2bn, based on the 2013 list prices. The options were originally purchased on September 5, 2013 as part of the historic order for up to 245 Bombardier business jets. Additionally, Flexjet is procuring incremental options for 20 Learjet 85 aircraft. This latest transaction increases the total firm aircraft order to $2.4 bn for 115 aircraft and 150 options. If all options are exercised, the total value of the order will increase from $5.2 to $5.6bn.