Private Jet Company Bond Ups Bombardier Commitment to $5 Billion

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Private jet company Bond is expanding its commitment with Bombardier Inc. to about $5 billion, betting ultra-wealthy travelers will pay a premium for a club-style experience in the sky.Bond, backed by KKR & Co., increased its order commitment from about $4 billion, according to a statement reviewed by Bloomberg News. The move comes as Bond is shifting its fleet toward Bombardier’s flagship Global 8000, a top-tier jet capable of flying at nearly the speed of sound, while still maintaining a mix of the Global 6500 and Challenger aircrafts.