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Bombardier in $6.7B sales deal with NetJets

Bombardier Inc said on Wednesday it will sell as many as 120 aircraft to Warren Buffett’s NetJets Inc, a deal that could be worth more than $6.7 billion and which sent its shares soaring 8.3 percent.

The deal includes a firm order of 50 jets with a list price of $2.8 billion and options to purchase a further 70. It is biggest sale of business aircraft sale for Bombardier, the world’s No. 3 civil aircraft maker after Airbus and Boeing. Get the full story »