Staying Informed

Investment firm buys Bombardier's Flexjet, places $1.8 billion order

TORONTO (Reuters) - Bombardier Inc announced the sale of its Flexjet aircraft ownership business on Thursday, and the new owners agreed to order up to 245 Bombardier business jets valued at $5.2 billion. A group led by Ohio-based private investment firm, Directional Aviation Capital, is buying the fractional ownership business for $185 million in a deal expected to close before the end of the ...


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