Latest news with #businessjet
Globe and Mail
4 days ago
- Business
- Globe and Mail
Bombardier Delivers the First Challenger 3500 Business Jet in Costa Rica
The delivery underscores the growing presence and global success of Bombardier in Central America The Challenger 3500 is ideally suited for the Central American market, offering the perfect balance of range, efficiency, and versatility to connect key regional cities MONTRÉAL, July 25, 2025 (GLOBE NEWSWIRE) -- Bombardier today announced the delivery of its first Challenger 3500 business jet in Costa Rica, marking a significant milestone for the company in Central America. With a platform that has consistently led the super-midsize segment for over two decades, the Challenger 3500 aircraft offers the ultimate combination of performance, comfort and reliability to customers around the world. 'With its high reliability, modern cabin and exceptional runway performance, the Challenger 3500 has quickly established itself as the aircraft of choice for customers around the world as well as in Central America,' said Michael Anckner, Vice President, Worldwide Pre-owned, Fleet, Defense, & Latin America. 'The Challenger 3500 aircraft is a proven, across-the-board performer that delivers on Bombardier's promise to take the passenger experience to new heights. This delivery marks an important growth milestone for our fleet in Central America and clearly demonstrates the trust that clients in the region have in Bombardier.' With its impressive combination of range and speed, the Challenger 3500 enables seamless connectivity between key Central American capitals and major cities across the Americas. From San José, operators can efficiently reach destinations such as Los Angeles, New York, Santiago, and Buenos Aires — demonstrating the jet's remarkable capability for regional and long-range travel. This first delivery in Costa Rica particularly highlights the aircraft's ability to connect the country to essential business and leisure hubs. Since its introduction in 2022, the Challenger 3500 has quickly become a preferred choice for Bombardier's customers, building on the Challenger 300 family long-standing success as the most delivered super-midsize jet in the world. As a company with a global presence, Bombardier has been well established in Costa Rica since 2015, employing over 100 people to support its finance and billing departments. About Bombardier At Bombardier ( we design, build, modify and maintain the world's best-performing aircraft for the world's most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious 'Red Dot: Best of the Best' award for Brands and Communication Design. For Information For corporate news and information, including Bombardier's Sustainability report, as well as the company's plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system visit Learn more about Bombardier's industry-leading products and customer service network at Follow us on X (Twitter) @Bombardier. Media Contacts General media contact webform Mark Masluch +1-514-855-7167 M Bombardier, Challenger, Challenger 300 and Challenger 3500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries A photo accompanying this announcement is available at
CTV News
6 days ago
- Business
- CTV News
General Dynamics quarterly results beat estimates on strong marine, jet business
In this Aug. 13, 1965 photo provided by the San Diego Air and Space Museum, technicians work on an Atlas Centaur 7 rocket at Cape Canaveral, Fla. (Convair/General Dynamics Astronautics Atlas Negative Collection/San Diego Air and Space Museum via AP) General Dynamics' second-quarter profit and revenue topped analyst estimates on Wednesday, aided by robust earnings from the marine segment and higher business jet deliveries. Shares of the company rose nearly three per cent in premarket trading. The Gulfstream jet maker's quarterly adjusted profit was US$3.74 per share, compared with analysts' estimates of US$3.53 per share, according to data compiled by LSEG. General Dynamics' aerospace segment, which is recovering from supply chain woes and longer certification times, was able to ramp up deliveries during the quarter ended June 29. During the period, the Reston, Virginia-based company's new G800 plane, the world's longest-range business aircraft, earned certification from the Federal Aviation Administration and the European Union Aviation Safety Agency. The plane has a range of 8,200 nautical miles (15,186 kilometres) at the Mach 0.85 long-range cruise speed, the company has said. The segment's aircraft deliveries hit 38 in the second quarter, compared with 37 in the same period a year ago. In the first quarter, the company delivered 36 Gulfstream jets. The unit's new bookings during the quarter were 1.3 times its billing, indicating a strong order book. Revenue in the aerospace segment rose 4.1 per cent from a year ago. General Dynamics' nuclear-powered submarine-making marine systems segment also saw a 22.2 per cent rise in revenue. During the quarter, the Pentagon had modified a submarine production contract awarded to the company's marine segment, raising the value multi-fold to US$1.85 billion. The company also entered into a new contract with its union members at its submarine-making unit, averting a shortage of skilled labor that has been contributing to delays in U.S. Navy ship building schedules. The Technologies segment, which makes products for a range of military, intelligence, federal civilian and state customers, experienced a 5.5 per cent year-on-year rise in revenue. Defense manufacturers continued to benefit from strong demand for weapons and other military equipment during the reported quarter owing to the geopolitical uncertainty and ongoing conflicts in the Middle East. The book-to-bill ratio was 2.4-to-1 for General Dynamics' defense segments. However, revenue within the combat systems part of the business, which manufactures land combat vehicles, weapons systems and munitions, edged down 0.2 per cent after taking a hit from the cancellation of the M10 Booker contract by the Pentagon as well as production delays owing to supply chain woes. The company's total quarterly revenue of US$1.30 billion also beat Wall Street analysts' estimate of US$1.23 billion. --- Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Leroy Leo and Paul Simao
The Independent
6 days ago
- Business
- The Independent
Exclusive: Trump admin seeks new jet to shuttle around Attorney General Pam Bondi and FBI Director Kash Patel
The FBI is seeking an ultra-long-range business jet to fly agents and other bureau personnel to far-flung global locations for counterterrorism response, 'high-risk operations,' and other 'sensitive missions,' according to a tranche of federal procurement documents reviewed by The Independent. Alongside the government's request for proposals, a related statement of objectives says the aircraft 'will also support executive transportation requirements for the FBI Director and the U.S. Attorney General,' namely, Kash Patel and Pam Bondi, who have both faced withering scrutiny in recent weeks for their handling of the fallout from the Epstein files. . The plane will be required to fly at speeds of Mach 0.83 or higher, with Mach 0.85 listed as 'preferred.' It must have a minimum range of 7,000 nautical miles, be able to seat at least 12 passengers, three crew, and 1,000 lbs. of cargo, the RFP states. That means the feds need something along the lines of a Gulfstream G800, which seats 19 and can travel 7,000 nautical miles at Mach 0.90, or a Bombardier Global 8000, which seats 19 and can travel 9,000 nautical miles at Mach 0.94. The RFP, which was issued July 11, says the bureau will lease the aircraft for an initial one-year period, with the possibility of four one-year extensions, after which the government will have the option to purchase the jet outright. No prices are included in the documents, but the G800 starts at about $72.5 million, while the base model Global 8000 lists for roughly $78 million. A Department of Justice spokesperson did not immediately respond Wednesday to a request for comment. Craig Holman, a governmental ethics and campaign finance expert at Washington, D.C. watchdog nonprofit Public Citizen, says the expenditure shows the Trump team going against its relentless claims of 'cost-efficiency.' 'For an administration that wants to put on a veneer of cutting waste, fraud and abuse in government spending, it sure doesn't have any qualms when it comes to lavish spending on expensive new jets and other luxuries for itself,' Holman told The Independent. This will be the third luxury aircraft so far being budgeted for travel by cabinet officials and the president, according to Holman. 'There is the extravagant Boeing [747] being bought from Qatar for Trump, a Gulfstream IV luxury jet for Homeland Security Director Kristi Noem, and now, an opulent long-range jet for FBI Director Patel and Attorney General Bondi for their traveling comfort. Meanwhile, the administration is slashing spending on health care, education and worker safety for the rest of us.' The successful bidder will deliver the private jet to the FBI's Aviation Operations Hangar at the Manassas Regional Airport in Manassas, Virginia, by next summer. 'The aircraft shall be fully mission operational and flight-ready, with all required Government-installed modifications (including secure communications suite), no later than June 24, 2026,' the RFP tells prospective sellers. In addition to hardened comms, the cabin must have two lavatories, one crew rest seat, one galley with microwave, coffee maker, refrigerator, sink and ice and beverage storage, according to the request. The bureau's 'preferred' features include four 'cabin zones with solid dividers, and a 'dedicated crew rest area with layflat seats/bunk,' it says. As far as cosmetics go, the aircraft's interior components – seating, cabinetry, flooring, lighting – must be in 'good condition, with no excessive wear, staining or damage,' the RFP states. Before delivery, the request says the jet 'shall be thoroughly cleaned inside and out,' and exterior paint 'shall be free of major defects, corrosion, or significant fading.' Further, the plane should have less than 2,500 hours of flight time, and be less than five years old. The contractor will be responsible for all scheduled and unscheduled maintenance, to be conducted at FAA-approved facilities, according to the RFP. The FBI will oversee minor routine tasks such as tire and fluid replacement, as well as 'minor repairs.' The flight crews will be provided by the FBI, which will 'maintain sole operational control,' the RFP states, adding that the bureau is self-insured up to $5 million for all flight operations. ' In excess of this limit, [the] FBI will seek Congressional appropriations,' the RFP says. The FBI paid $2.4 million to lease a Gulfstream V for six months in 2016, after a procurement process marked by numerous deficiencies, according to an audit the following year by the DOJ's Office of the Inspector General. In the six months since President Trump began his second stint in the White House, the administration has, among other things, decimated school lunch programs, thrown millions off of Medicaid, and enacted tax cuts that will boost incomes for the wealthy while raising taxes on working Americans.
Yahoo
6 days ago
- Business
- Yahoo
General Dynamics quarterly profit rises on higher jet deliveries
(Reuters) -General Dynamics on Wednesday posted a nearly 15% rise in second-quarter profit on the back of stronger business jet deliveries. The Gulfstream jet maker's quarterly profit came in at $3.74 per share, compared with $3.26 per share a year ago. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
7 days ago
- Business
- Reuters
General Dynamics quarterly profit rises on higher jet deliveries
July 23 (Reuters) - General Dynamics (GD.N), opens new tab on Wednesday second-quarter profit rose nearly 15% on the back of stronger business jet deliveries, sending the company's shares up 1.7% before the bell. The Gulfstream jet maker's quarterly profit came in at $3.74 per share, compared with $3.26 per share a year ago. General Dynamic's aerospace segment continues to recover from supply chain woes and longer certification times, and was able to ramp up deliveries during the quarter ended June 29. The segment's aircraft deliveries hit 38 in the second quarter, compared with 37 in the same period a year ago. In the first quarter, the company delivered 36 Gulfstream jets.
