Bombardier says new Global 7000 business jet Sold Out until 2021 as plane makes trade show debut at NBAA17 in Vegas
Reuters - "We have a healthy order book for the Global 7000 and can confirm that the aircraft is sold out until 2021," said Bombardier Business Aircraft President David Coleal by email.
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Sun Oct 8, 2017 by Allison Lampert
(Reuters) - Bombardier Inc's (BBDb.TO) largest business jet is making its debut on Sunday in Las Vegas, giving a glimpse of the ultra long-range plane the Canadian company is counting on for growth at a time of sluggish industry sales and as it fights a trade battle over a separate jet.
The new Global 7000, the industry's largest jet designed for private or corporate use, will be on display at the National Business Aviation Association's flagship industry trade show on Oct. 10-12.
When it enters service next year, the Global 7000, with a list price of almost $73 million, will play a key role in the five-year turnaround plan of Bombardier, which also makes trains, after a near-brush with bankruptcy in 2015.
Analysts expect the aircraft will add $300 million to operating profit and contribute nearly one-third of Bombardier's targeted $10 billion in business jet revenues in 2020.
"High-end business jets have always been the most important and most profitable part of the company," said Teal Group aerospace analyst Richard Aboulafia by email. "Even with the CSeries ramping up, much of the company's fortunes still depend on Global deliveries."