aviation industry

Bombardier launches latest ultra-long range business jet Global 8000

Reuters
Bombardier launches latest ultra-long range business jet Global 8000

BUSINESS JET. Eric Martel, CEO of private jet maker Bombardier, attends the launch of the Global 8000 aircraft during the European Business Aviation Convention & Exhibition in Geneva, Switzerland, May 23, 2022.

Denis Balibouse/Reuters

The Global 8000 will enter service in 2025 and would become the world's fastest business jet

Canada’s Bombardier launched a new long-range business jet on Monday, May 23, as it looks to stay competitive in a market that serves the ultra-rich and has remained robust amid COVID-19 driven boom in demand for private aircraft.

The Montreal-based planemaker said the Global 8000 will become the world’s fastest business jet with an ultra-long range of 8,000 nautical miles (9,206 miles) and a top speed of Mach 0.94 (721 miles per hour).

The plane will enter service in 2025 and compete with high-end models offered by rivals General Dynamics and France’s Dassault Aviation – the Gulfstream G700 and Falcon 10X, respectively.

Bombardier said the Global 8000 will have a list price of $78 million, slightly higher than the $75 million which its predecessor and the company’s flagship Global 7500 lists for. Both rivals, the G700 and the Falcon 10X, are also priced at $75 million.

The Global 8000 jet, which is of the same size as the 19-seater Global 7500, will come equipped with General Electric’s Passport Engine, Bombardier added.

Bombardier’s announcement comes as corporate jet makers have been reporting swelling order backlogs, as the wealthy continued flying private during the pandemic.

Bombardier’s current Global 7500 is expected to be the biggest contributor to its earnings before interest, tax, depreciation, and amortization (EBITDA) over the period ending 2025. – Rappler.com