Bloomberg News

Bombardier Soars on Record Order From NetJets: Montreal Mover

June 12, 2012

Bombardier Inc. (BBD/B) rose the most in a month after the plane and train manufacturer won its largest- ever order for business jets, from a unit of Warren Buffett’s Berkshire Hathaway Inc. (A:US)

NetJets, the Berkshire unit, said yesterday that it agreed to buy as many as 275 Bombardier Challenger aircraft, including 100 firm orders. If all the options are exercised, the agreement will be valued at about $7.3 billion, Montreal-based Bombardier said. Deliveries are scheduled to begin in 2014.

Bombardier’s Class B shares rose 6 percent to close at C$3.87 in Toronto, the largest rise since May 10. They have dropped 4.7 percent this year.

To contact the reporter on this story: Frederic Tomesco in Montreal at tomesco@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net


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