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Bombardier introduces two new business jets

ATLANTA - Bombardier is reasserting its status as the world's largest business jet manufacturer with the introduction of two new business aircraft.

ATLANTA - Bombardier is reasserting its status as the world's largest business jet manufacturer with the introduction of two new business aircraft.

The Montreal-based company says the Global 7000 and the Global 8000 aircraft will combine longer distances with improved fuel efficiency and increased comfort.

Bombardier (TSX:BBD.B), made the announcement Saturday, ahead of the National Business Aviation Association's convention in Georgia next week.

The new jets mean the company's Global aircraft family will now have four models covering the large, ultra long-range category at a time when Bombardier is trying to fend off competition from American Gulfstream's new G650 model.

The Gulfstream model, which has garnered 200 orders and is set to enter into service in 2012, has a longer range than an existing Global model — the Global Express. Gulfstream Aerospace Corp. (NYSE:GD) is a unit of U.S. defence contractor General Dynamics Corp.

Steve Ridolfi, president of Bombardier Business Aircraft said the two new Global jets will give customers the ability to reach more destinations non-stop.

"These new aircraft are solid examples of Bombardier's foresight and visionary thinking," Ridolfi said in a statement.

"By extending this great aircraft family, we are once again offering a business jet travel experience that is unmatched and ahead of its time."

The company wouldn't say if the new jets would add jobs in Toronto where the other Global planes are assembled using Rolls-Royce engines and parts from Mexico, Belfast, Montreal and Japan.

Bombardier spokeswoman Danielle Boudreau said the company was still developing its manufacturing plan and wouldn't comment on design costs either.

The Global 7000 aircraft is scheduled to enter service in 2016. It will feature a "spacious" four-zone cabin and will be able to fly London-Singapore, New York-Dubai or Beijing-Washington non-stop with 10 passengers.

The Global 8000 aircraft is supposed to fly further than any other business jet and will connect Sydney-Los Angeles, Hong Kong-New York and Mumbai-New York non-stop with eight passengers. It is scheduled to enter service in 2017.

Both aircraft will feature a new high-speed transonic wing to optimize aerodynamic efficiency, and new GE TechX thrust engines that will generate fewer emissions.

Since being launched in 1993 and entering into service six years later, Bombardier has delivered more than 400 of the Global family of planes, including the Global 5000 that was added in 2005. The jets are typically configured to carry eight to 12 passengers and two to four crew members.

Adding the two new jets comes as Bombardier has its hands full with development projects for the Learjet 85, CSeries and CRJ1000 regional aircraft.

Bombardier's shares last stood at $5.05 on the Toronto Stock Exchange on Friday.

 
 
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