Latest news with #Global6500
News18
16-07-2025
- Business
- News18
Eternal CEO Deepinder Goyal-Backed LAT Aviation Acquires Bombardier Private Jet
LAT Aerospace, backed by Zomato's Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet LAT Aerospace, backed by Zomato's Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet, sources familiar with the development told Moneycontrol. The aircraft has been stationed at Delhi Airport's VIP bay since June 2025 and is reportedly scheduled to operate today, July 16. According to Moneycontrol, ground handling and engineering services for the aircraft are being provided by Indamer MJets Airport Services and Bird Execujet Airport Services. However, the publication noted that details such as the aircraft's exact model, registration number, and the purpose of today's flight remain unverified. The private jet acquisition comes shortly after Goyal reportedly registered a Rs 52.3 crore luxury apartment in DLF's The Camellias in Gurugram. As of June 2025, Goyal holds 36.95 crore shares (3.83% stake) in Zomato, with a market value of around Rs 9,847 crore, according to Moneycontrol. Forbes estimates his net worth at $1.6 billion. While the exact model is not confirmed, a Bombardier Global 8000, equipped with Ka-band Wi-Fi, carries a list price of $78 million. A Global 6500 costs around $56 million new, while pre-owned variants typically range between $30–$45 million, depending on age and condition. Private jet purchases attract a 28% IGST for personal use. However, for commercial operators, the tax rate is only 5%, making the NSOP model financially more viable. According to Moneycontrol, India had 114 active NSOP holders as of June 2024. LAT Aerospace and Goyal's Aviation Bet Goyal launched LAT Aerospace in June 2025, as revealed in a LinkedIn post by co-founder Surobhi Das. The startup aims to revolutionise regional air travel in India—an area long plagued by high costs, low connectivity, and underutilised infrastructure. 'While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air travel still so broken, expensive, infrequent, and mostly out of reach unless you live in a metro?" Das wrote. LAT Aerospace has reportedly raised $50 million in funding, with Goyal contributing $20 million. The company is currently hiring aerospace engineers, systems designers, and aviation enthusiasts to develop its regional aviation platform. Diverse Ventures and India's Private Jet Ecosystem Beyond Zomato, Blinkit, and LAT Aerospace, Goyal also launched Continue, a wellness and mental health venture, under Upslope Advisors Pvt Ltd. India's private aviation sector has seen strong momentum in recent years, driven by favorable tax reforms and infrastructure investments. Initiatives like GIFT City's aircraft leasing program, customs duty relief (2.5–3%), and GST reductions have further fueled interest in private jet ownership. As per Moneycontrol, India currently has the largest private jet fleet in South Asia and ranks third in the Asia-Pacific region, with over 151 registered business jets. To support this growth, airports across India have launched or revamped General Aviation (GA) terminals. Notable examples include: Delhi IGI Airport, which launched India's first GA terminal in 2020. Mumbai Airport, which revamped its luxury GA terminal in 2022. Kochi Airport, where PM Modi inaugurated a 40,000 sq ft business jet terminal in December 2022. Hyderabad Airport, which unveiled a new GA terminal in September 2024. The global business jet market, valued at over $24 billion in 2020, is projected to reach $37 billion by 2028, according to Statista. In India, rising demand is being driven by a growing ultra-high-net-worth individual (UHNI) population, expected to surge 50% by 2028. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Market Online
03-07-2025
- Business
- The Market Online
Buzz on the Bullboards: Markets steady as key stocks make headlines
This week, the S&P/TSX Composite Index continued its upward momentum. Investor sentiment remained cautiously optimistic amid easing inflation data and geopolitical developments, with the index hovering near record highs. With this in mind, several TSX-listed companies made significant headlines, offering fresh opportunities and insights for investors. What the 'Buzz' Our Bullboards have up to 2 million pageviews a day. Get the inside scoop on conversations around the most significant trends and stock appreciations in our weekly wrap up. Get 'Buzz on the Bullboards' delivered to your inbox every third Thursday! Buzz on the Bullboards | Sign Up Here Tilray Brands (TSX:TLRY, Forum), a prominent name in the global cannabis industry, saw its medical division, Tilray Medical, achieve a major regulatory milestone in Europe. The company became the first to receive authorization from Italy's Ministero della Salute to distribute medical cannabis flower for therapeutic use. Operating through its wholly-owned subsidiary, FL Group, Tilray Medical will introduce three new cannabis flower varieties in Italy starting this June: Tilray THC 25 per cent Tilray THC 18 per cent Tilray THC 9 per cent / CBD 9 per cent This development strengthens Tilray's foothold in the European medical cannabis market, complementing its existing operations in Germany, Portugal, Poland, and the UK. For investors, this move signals Tilray's positioning in a rapidly growing sector, with Italy potentially serving as a gateway to broader EU market penetration. Bombardier (TSX:BBD, Forum) made waves through its defense division, Bombardier Defense, which announced a firm order from Swedish aerospace and defense company Saab for two Global 6500 aircraft. These jets will support Saab's advanced surveillance and reconnaissance systems. The Global 6500 boasts: A top speed of 956 km/h A maximum range of 12,223 km Steep approach certification and advanced wing design for versatile mission deployment This order builds on the companies' long-standing collaboration, including the GlobalEye airborne early warning and control system. (Source: Bombardier.) Bombardier Defense wants to carve out a niche in special mission aircraft, addressing critical needs in humanitarian aid, maritime patrol, and defense. The deal reinforces Bombardier's dual strength in commercial aviation and defense innovation, making it a stock to watch for long-term growth. Almonty Industries (TSX:AII, Forum), a global company involved in tungsten concentrate production, received a formal letter of recognition from the US House Select Committee on Strategic Competition with China. The letter highlights Almonty's pivotal role in securing critical mineral supply chains amid rising geopolitical tensions. Key points include: The importance of Almonty's Sangdong Mine in South Korea , poised to become the largest tungsten producer outside China , poised to become the Plans to redomicile to the United States , positioning Almonty as the only US-based commercial-scale tungsten producer , positioning Almonty as the Potential collaboration with US defense contractors and inclusion in the National Defense Stockpile This recognition could not only validate Almonty's value but it would also open doors to US government partnerships and defense sector integration—an encouraging signal for investors seeking exposure to critical minerals and geopolitical tailwinds. As the TSX continues to show resilience, these three companies—Tilray Brands, Bombardier, and Almonty Industries—demonstrate how innovation, partnerships, and regulatory breakthroughs can drive investor value. Whether it's cannabis, aerospace, or critical minerals, the Canadian market is brimming with opportunity. Investors should stay engaged with market developments and regularly reassess their portfolios to capitalize on emerging trends and maximize returns in a dynamic global environment. For previous editions of Buzz on the Bullboards, click here. Join the discussion: Find out what everybody's saying about these stock on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
Business Insider
03-07-2025
- Business
- Business Insider
'First-Time Bombardier Buyer': Bombardier Stock (TSE:BBD.B) Blasts Up 20% With $1.7 Billion Order
Today featured a massive win for Canadian aviation stock Bombardier (TSE:BBD.B), which posted a monster sale to someone who has never actually purchased Bombardier aircraft before. That speaks to solid marketing and a good product, and investors were over the moon. Sufficiently so, in fact, to send Bombardier stock blasting up over 20% in Wednesday morning's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Reports noted that Bombardier had landed a 'firm order' for 50 Challenger and Global models of aircraft, and also a services agreement for the lot. The buyer was not identified, and it was also unmentioned what proportions were purchased; whether it was 25 Challengers and 25 Globals, or what model numbers were involved. We do know that it was a first-time buyer, someone who had never purchased Bombardier aircraft before. We also know that the cumulative total of the contracts involved was $1.7 billion, and the buyer actually has an option to purchase another 70 on top of what was already bought. The aircraft in question are set to be delivered starting in 2027. If the buyer actually exercises all those purchase options, reports noted, the total value of aircraft and service contracts would balloon to $4 billion, a win by any standard. A New Model Global 6500? Meanwhile, new reports suggest that Bombardier may be considering a new kind of Global 6500 aircraft, specifically geared toward maritime operations. A formal Memorandum of Understanding was signed between Bombardier and Leonardo (FINMY) at the recent Paris Air Show. The document in question calls for an 'Advanced Maritime Multi Mission Platform' to be developed, using the Global 6500 as its base. Bombardier Global aircraft have already been involved in a range of mission types, including as an Electronic Intelligence (ELINT) aircraft, a Signals Intelligence (SIGINT) aircraft, and more. But the ultra-long-range Global 6500, with its ability to use a wide range of sensors and communications tools, may prove just the ticket for a potential winner in maritime operations as well. That should prove a nice boost for Bombardier going forward. Is Bombardier Stock a Good Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on TSE:BBD.B stock based on six Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 35.95% rally in its share price over the past year, the average BBD.B price target of C$121.29 per share implies 14.63% upside potential.
Cision Canada
20-06-2025
- Business
- Cision Canada
Québec Strengthens Its International Standing in Aerospace and Defense at the 2025 Paris Air Show
A mission marked by strategic partnerships, major investments and record ecosystem engagement MONTREAL, June 20, 2025 /CNW/ - Organized by Investissement Québec International, the Ministry of Economy, Innovation and Energy, and the Québec Government Office in Paris, in collaboration with Aéro Montréal, the Québec economic mission to the 2025 Paris Air Show – Le Bourget showcased the province's ability to position itself as a key player in the global aerospace, defense and security value chain. With more than 175 participants from businesses, institutions, research centers and government bodies, the Québec delegation demonstrated unprecedented cohesion around a shared ambition: to strengthen Québec's influence in strategic international markets. Defense and Security: Québec Steps onto the Global Stage The 2025 Paris Air Show confirmed Québec's growing role in global defense supply chains: Safran and Bombardier signed a letter of intent to accelerate the development and industrialization of innovative technology solutions for the defense sector. Leonardo and Bombardier Defense announced a non-exclusive Memorandum of Understanding (MoU) to evaluate the integration of Leonardo mission systems aboard Bombardier's Global 6500 jet platform. C3RiOS Systems signed: a cockpit modernization contract with Ukrainian manufacturer Antonov for the iconic AN-124 strategic heavy cargo aircraft; a strategic partnership with JetZero to develop the avionics system for a new-generation blended wing aircraft. Bell Textron Inc. announced an order for 12 SUBARU Bell 412EPX helicopters from the Tunisian Air Force — the first order for this model in the region. The French Defence Procurement Agency (DGA) and Saab signed a joint declaration of intent for the future acquisition of two GlobalEye AEW&C aircraft, with an option for two more. The aircraft use the Bombardier Global 6000/6500 platform equipped with active and passive sensors. A formal contract is expected to follow in the coming months. Industrial Innovation and Advanced Manufacturing The mission also highlighted Québec's strengths in applied innovation, robotics and intelligent manufacturing: Watch Out, in partnership with ADM Aéroports de Montréal, Espace Aéro, and Aéro Montréal, announced the opening of a new R&D and assembly center for AI-powered autonomous micro-factories at the YMX Innovation Hub in Mirabel. These micro-factories are designed for the aerospace, defense and advanced manufacturing sectors. AV&R, a specialist in robotic surface finishing systems, and Saint-Gobain Surface Solutions, a global leader in high-performance abrasives, announced a strategic alliance to develop next-generation robotic finishing solutions for aerospace turbine components. Mecachrome Canada was awarded several key contracts by MDA Space to manufacture high-precision metallic panels for major satellite programs, including Telesat Lightspeed and MDA CHORUS. Mecachrome also secured a new serial production contract with Héroux-Devtek for landing gear components for the Airbus A330 program, following successful prototype development. Global Recognition for Québec's Aerospace Expertise Québec's leadership in regional aviation was further confirmed with LOT Polish Airlines' order of 40 A220 aircraft (assembled in Mirabel) — the Polish national carrier's first-ever Airbus order. The agreement could grow to 84 aircraft, further solidifying the international footprint of the A220 program. A further step toward sustainable air mobility Delastek has signed an exclusive 20-year contract with Flying Whales Québec to develop and manufacture the gondola of the LCA60T airship, including the cockpit, living area, and piloting interface. This partnership strengthens Québec's role in sustainable air mobility by leveraging top-tier local expertise. Workforce Forecasts: Preparing for the Future At the show, CAE released the 2025 edition of its Aviation Talent Forecast, projecting a need for 1.5 million civil aviation professionals worldwide by 2034, including: 267,000 commercial pilots 347,000 aircraft maintenance technicians 678,000 cabin crew members 71,000 air traffic controllers (included in the forecast for the first time) These projections highlight the urgent global need for talent development and advanced training in the aviation sector. "The 2025 Paris Air Show confirms that Québec is not just an innovation ecosystem — it's a strategic partner for leading global industrial powers seeking to invest in resilience, technological sovereignty, and the future of defense." — Mélanie Lussier, President, Aéro Montréal Save the Date: Montréal 2026 The industry's next major gathering will take place on April 13–14, 2026, at the Palais des congrès de Montréal, for the 10ᵗʰ edition of the International Aerospace Innovation Forum, which will also celebrate Aéro Montréal's 20ᵗʰ anniversary. À propos d'Aéro Montréal Founded in 2006, Aéro Montréal is a strategic think tank that brings together industry leaders from Québec's aerospace sector, including manufacturers, research centers, academic institutions, associations and unions. Aéro Montréal's activities are made possible thanks to the support of the governments of Canada, Québec, and the Montréal Metropolitan Community, as well as its corporate members.
The Market Online
20-06-2025
- Business
- The Market Online
Bombardier Defense signs two-aircraft deal with Saab
Bombardier Defense received a firm order from longtime partner Saab for two Global 6500 aircraft Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020 Bombardier Defense, a division of jet maker Bombardier (TSX:BBD.A), received a firm order from longtime partner Saab for two Global 6500 aircraft. The Global 5000 offers a top speed of 956 km/h and a maximum range of 12,223 km and features a fixed-wing platform that flies 'faster, longer and higher than legacy airborne sensor platforms,' offering 'a significant advantage to governments and militaries,' according to Friday's news release. The aircraft's steep approach certification and advanced wing design also facilitate access to legacy commercial platforms, optimizing flexibility during mission-critical situations. Micael Johansson, president and CEO of Saab, and Eric Martel, president and CEO of Bombardier, at the Paris Air Show 2025. (Source: Bombardier) Bombardier Defense focuses on unmet needs in urgent humanitarian assistance, head of state transportation, maritime patrol and search and rescue, among other markets, leveraging a team with a skill-set spanning more than 500 special mission aircraft and over 3 million fleet hours. The order follows the companies' collaboration on the GlobalEye airborne early warning and control system, initially announced in 2016, which integrates Bombardier's Global 6000 and 6500 aircraft. Leadership insights 'Through Bombardier Defense, the Global 6500 aircraft is the go-to strategic asset for governments around the world looking to modernize and strengthen their defense capabilities,' Eric Martel, president and chief executive officer of Bombardier, said in a statement. 'Bombardier Global aircraft are ideally suited for the most demanding missions, with proven flexibility, reliability, power generation, range and ability to operate at high altitudes.' About Bombardier Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Bombardier stock (TSX:BBD.A) last traded at C$106.05. The stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020. Join the discussion: Find out what everybody's saying about Bombardier's deal with Saab on the Bombardier Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
