Flexjet confirms order for 40 Challenger 350s

Flexjet LLC has officially confirmed an order for 20 additional Challenger 350 super-midsized business jets by Bombardier Aerospace (BBD.B:CA), the company said.

This is in addition to an order for 20 Challenger 350 Bombardier aircraft ordered in 2013. Flexjet said it increased its original order because of unprecedented success with the company´s new Red Label offering that includes the Challenger 350 aircraft.

The order, originally included in a November 2015 memorandum of understanding between Flexjet and Bombardier, will result in 43 Challenger 300/350 series aircraft flying in the Flexjet fleet by the end of 2016. An additional four Challenger 350 aircraft will follow in 2017, with the remainder delivered over the next five years.

Considered one of the world´s most mission-versatile business jets, the Challenger 350 aircraft can carry up to eight passengers in Flexjet´s smart interior configuration, has a maximum operating altitude of 45,000 feet, a top cruising speed of 528 MPH and a transcontinental range of 3,200 nautical miles. Its extraordinarily quiet cabin allows passengers to converse at comfortable levels or relax in peace.

Flexjet first entered the shared jet ownership market in 1995, and celebrated its 20th anniversary in May 2015. The company offers shared jet ownership and leasing. It has achieved the Air Charter Safety Foundation´s Industry Audit Standard, and Flexjet is the first and only company to be honored with its 17th FAA Diamond Award for Excellence.