May 22, 2022

The Queens County Citizen

Complete Canadian News World

Crown Corporation takes great care of a major Bombardier customer

Crown Corporation takes great care of a major Bombardier customer

100 to celebrateAnd In its history, the Global 7500 aircraft, Bombardier rolled out the red carpet yesterday for its millionaire client VistaJet, receiving millions of dollars in financial assistance through Export Development Canada (EDC).

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Yesterday afternoon, Bombardier invited media and employees to celebrate “100 historic deliveries.And Global 7500 aircraft at the Laurent Boudouin Completion Center in Dorval.

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Photo by QMI Agency, Joel Lemey

On this occasion, Bombardier’s CEO, Eric Martell and VistaJet founder and president Thomas Floor, walking on the red carpet, entered the room with the enthusiasm of the employees.

“We’re so excited to have a client like VistaJet, which has been loyal to us for so many years,” Eric Martel repeated after speaking in English with his Bigg Boss on stage at Press Scrum.

To date, VistaJet has branches in many jurisdictions, including more than 80 Bombardier products. The Global 7500 unveiled yesterday is their tenth.

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Photo by QMI Agency, Joel Lemey

For the past two years, Export Development Canada (EDC) has provided financial assistance to VistaJet Group Holdings Ltd to sell Bombardier aircraft, Crown Corporation confirmed yesterday. Newspaper.

EDC, which does not provide grants, offers commercial lending, equity investment and insurance solutions to local businesses.

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Photo by QMI Agency, Joel Lemey

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Transactions in Malta

Over the past two years, EDC has been involved in four financing or refinancing transactions between Bombardier and VistaJet in Malta, detailed EDC.

In October 2021, between $ 100 million and $ 200 million was spent on the sale of aeronautical engines, parts or components or related services.

By the end of February 2021, the sale of the aircraft had paid between $ 300 million and $ 400 million.

In 2020, two transactions took place over a five-day period, with one selling between engines, parts, aeronautical parts or related services for between $ 400 million and $ 500 million, and the other between $ 25 million and $ 50 million for aircraft.

Again a profitable device

In addition, Bombardier’s CEO, Eric Martel, said the Quebec aircraft manufacturer had been making profits with its Global 7500 since last year.

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Photo by QMI Agency, Joel Lemey

Speaking about Quebec flights, VistaJet President Thomas Flor said, “Product quality speaks for itself.

In the living room, Bombardier employees were interviewed Newspaper He said he was proud to work on such an ambitious aircraft.

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Photo by QMI Agency, Joel Lemey

Emin Mesbach, who has been a pre-flight mechanic for four years, has been involved in luxury aircraft manufacturing.

Emin Mesbach

Photo by Francis Hollin

Emin Mesbach

“This is the Ferrari in the world of aviation. This is a privilege. It brings happiness, ”the 27-year-old concluded, looking at the device.

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Photo by QMI Agency, Joel Lemey

Age: 62 years old

Homeland: Swiss

Major success: Founder and President of VistaJet, a company that leases business jets for the hour he owns

Net Value for March 2018: US $ 2.3 billion

Current Wealth: US $ 200 million

-In collaboration with Philip Langlois