Bombardier Owes Financial Results to Its Bizjets

AINalerts » March 30, 2006
January 8, 2007, 6:45 AM

Bombardier Aerospace's results improved in FY 2006, primarily the result of a continued strong business jet market. According to financial results released yesterday for its fourth quarter and fiscal year ended January 31, the regional aircraft market presented "significant challenges," but the business jet market remained strong with a "45-percent boost in deliveries, reflecting increases in all Bombardier business aircraft models. Net orders rose by 36 percent for the year, bringing the total to 210 aircraft." An increase in revenues for the year compared with the previous year is "mainly due to increased deliveries and improved selling prices of business aircraft, partially offset by lower deliveries of CRJ200s and a lower volume of pre-owned business aircraft available for sale as a result of fewer trade-ins."

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X