Bombardier’s Bizjet Orders in the Red for 2009

AINalerts » February 9, 2010
February 9, 2010, 12:11 PM

Bombardier on Friday announced that it logged 85 negative net orders for its Learjet, Challenger and Global business jets in the fiscal year ending January 31. The Canadian aircraft manufacturer also delivered 176 business jets last year, compared with 235 for the same period in 2008. By model line, it delivered 44 Learjets last year versus 70 in FY08, 82 Challengers (115) and 50 Globals (50). This, Bombardier said, was in line with the 25-percent decrease in business aircraft delivery guidance provided last year. “The global economic crisis that began in 2008 continued to impact the civil aviation industry throughout 2009 as conditions remained challenging,” said Bombardier Aerospace president and COO Guy Hachey. “While indicators of market stabilization have started to emerge, we remain cautious as economic uncertainty still prevails. We have taken significant steps to strengthen our operations and continue to invest significantly in future programs.” For this current fiscal year, Bombardier expects business aircraft deliveries to be approximately 15 percent less than the previous year. The company didn’t offer any business jet sales projections for FY10.

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