UPDATE 3-Bombardier signs record $7.8 bln deal with VistaJet

Tue Nov 27, 2012 11:18am EST
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* Firm order for 56 Global jets worth $3.1 billion

* Options for another 86 Global jets

* Order eclipses NetJets $7.3 billion deal

* Bombardier shares rise 8 percent

By Susan Taylor

TORONTO/LONDON, Nov 27 (Reuters) - Bombardier Inc has signed its largest business jet deal ever, a $7.8 billion order from Swiss charter operator VistaJet for up to 142 Global aircraft that highlights the Canadian company's success in an expanding segment of the market.

The deal, which eclipses Bombardier's previous record sale,$7.3 billion worth of Challenger planes to NetJets in June, sent Bombardier shares 8 percent higher.

"By any standard, this is a historic order for Bombardier," said Steve Ridolfi, president of Bombardier Business Aircraft, a unit of the Montreal-based plane and train maker.

VistaJet, which operates from London, Moscow, Dubai, Beijing and other locations, has placed a firm order for 56 jets worth $3.1 billion, with options on 86 more planes. Bombardier, the world's third-biggest planemaker, said deliveries are scheduled to begin in 2014.   Continued...