Bombardier’s biggest jet is ready to take to the skies
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Bombardier’s biggest jet is ready to take to the skies

Bombardier, the world’s leading manufacturer of planes and trains, has just been given the go-ahead to debut its biggest private jet ever, the Global 7500 (G7500). This incredible vehicle is 54 foot-long and eight foot-wide, and (usually) seats just 19 passengers. It’s an ambitious beast, created from fresh designs (in other words, it’s not an upgrade from previous models), and it’s the biggest private jet on the market – with the exception of re-purposed commercial airliners. Bombardier is betting on it to be a more attractive option than what’s currently on the market.

Bombardier’s share price has increased by 44% so far this year

graph 0910 bombardier

SOURCE: Yahoo Finance

The G7500 has been a long time in the making – by January this year, Bombardier was already testing the final prototype aircraft. But as of just last week, Canadian authorities have given design approval for the new jet, meaning Bombardier can start deliveries.

Bombardier is making a clear play for the upper end of the private jet market, with a plane that is specifically designed to offer smooth flights, feature unparalleled amounts of room on-board, and makes use of the latest tech like touch-controlled lighting, temperature and sound control. The plane will be displayed at the Orlando Executive Airport in Florida for the National Business Aviation Association’s annual conference later this month. It comes with a $72.8 million price tag.

The company’s vice president of marketing and product strategy, Brad Nolen, said: “This aircraft is designed for customers. We have a lot of real design… and focus to manage the smooth ride. This aircraft is a very balanced aircraft.”

Bombardier said that it has a three-year backlog of order to fulfil already, demonstrating that when it comes to private air travel, there is more than enough demand for “the best”.

Disclosure

Dominion holds Bombardier in its Global Trends Managed Fund.


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