Bombardier reported $4.7 billion in revenue for its first fiscal quarter (which ended April 30), a 9-percent year-over-year increase, thanks in part to a stronger business jet market, “especially at the high end,” said Bombardier president and CEO Pierre Beaudoin. Profits in the fiscal quarter reached $220 million, compared with $195 million last year.
The Bombardier C Series appears to have assumed some much overdue sales momentum recently, as the Canadian company announced two separate orders for the new single-aisle over the span of a week last month.
Organizers of the 2011 Paris Air Show (June 20-26) promised a feel-good factor that would leave the aerospace industry in no doubt that the long-awaited recovery has kicked in. They kept their word, and then some, with wave upon wave of new airliner orders and the associated new business in engines, equipment and support packages.
Rockwell Collins (Hall 4 A18, and Chalet B19) held an official unveiling of its Pro Line Fusion flight deck for the Bombardier CSeries yesterday at Le Bourget, by showing a 360-degree “virtual tour” at the dedicated CSeries pavilion (Static Exhibition D128).
A consortium along the lines of International Aero Engines (IAE) will be created for the Pratt & Whitney PW1000G geared turbofans (GTF) later this year, according to Dave Hess, Pratt & Whitney president.
Another day, and plenty more dollars. The second day of the 2011 Paris Air Show saw yet more major orders for airliners and the engines that power them.
Korean Air has signed a letter of intent for 30 Bombardier CS300s, becoming the Asian launch customer for the CSeries and helping to dispel nervousness that runaway Airbus A320neo sales could consign the new 130-seat airliner to the history books.
ADS, the trade organization for the UK aerospace, defense and security industries, has reported that new defense orders slumped by 29 percent in 2010 due to the stringent defense cuts by Britain’s new coalition government. Despite this, 2010 proved to be a fairly good year for aerospace sales, which were up by 2.1 percent to £23.1 billion ($37.8 billion).
Four years after unveiling its next-generation Pro Line Fusion integrated avionics suite, Rockwell Collins (Hall 4 A18) has surpassed major certification milestones. Now the company is leveraging the system up and down the civil aircraft market and across to the military market as well.
A undisclosed “major network carrier” has placed a firm order for 10 Bombardier CSeries CS100s and has agreed to become the aircraft’s first operator, the Canadian manufacturer announced here yesterday.