Bombardier shares up after deal for 50 jets valued at US$1.7B (Business)
Photo: The Canadian Press
Bombardier employees work on an aircraft in Dorval, Que., on Monday, April 14, 2025.
Shares in Bombardier Inc. were up more than 10 per cent in early trading after announcing a firm order for 50 of its Challenger and Global aircraft combined with a services agreement.
The company valued the deal with the unidentified buyer at a total of US$1.7 billion.
Aircraft deliveries are expected to begin in 2027.
Bombardier also says the buyer, a first-time Bombardier customer, will hold 70 new aircraft purchase options.
The company says if all the purchase options are exercised, the combined aircraft and service agreements’ value would top US$4 billion.
Bombardier shares were up C$15.27 at C$133.91 in trading on the Toronto Stock Exchange.