Bombardier to sell Flexjet division to PE-led group for $185 mln
Canadian aerospace and transportation company Bombardier Inc. has agreed to sell its fractional jet ownership division Flexjet to an investor group led by U.S. aviation-focused private equity firm Directional Aviation Capital. The transaction, which is valued at US$185 million, is expected to be completed before the end of the year. It was further announced that, with support from its new investors, the Dallas, Texas-based Flexjet is placing an order of approximately US$5.2 billion for up to 245 Bombardier jets.
9 September 2013•4 mins read
