“Bombardier sees 'signs of stabilisation' in business jet market”
Service entry in the second half of 2018 of its flagship Global 7000 should help to stimulate interest at the top end of the sector.
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06 NOVEMBER, 2017 SOURCE: FLIGHT INTERNATIONAL BY: KATE SARSFIELD LONDON
- Bombardier recorded a five-unit slide in business jet deliveries during the third quarter, reflecting continued soft demand for its Learjet product line and a fragile international marketplace.
Bombardier handed over 31 aircraft for the three months ended 30 September: four Learjet 70/75s, 13 Challenger 350s, four Challenger 650s, one Challenger 850 and nine Global 5000/6000s. This compares with 36 units delivered during the same period last year: seven Learjets, six Challengers 650s, 13 Challenger 350s and 10 Globals. For the first nine months of 2017, Bombardier shipped 95 aircraft – 14 fewer than a year ago.
Alain Bellemare, Bombardier's chief executive, speaking on a 2 November earnings call, described the business aircraft division as "solid with strong profitability".
While the unit's third-quarter revenues fell 17% year on year, to $1.1 billion, profits for the period soared by 11%, to $93 million. The company expects to end the year with a profit margin of roughly 8% on revenues of about $5 billion, Bellemare says.
"By improving productivity and ...