The Learjet 85 program, already years behind the original schedule, is likely to be pushed out farther to the right as Bombardier Aerospace gives higher priority to the CSeries and Global 7000/8000, say industry watchers. The Learjet 85 is currently the only one of these in active flight test, as CSeries flying was halted in late May due to an engine issue and the Global 7000 and 8000 won’t fly until early next year and 2016, respectively.
Bombardier is making a strong appearance at the LABACE show with four of its aircraft in the static display at São Paulo’s Congonhas Airport, spanning the entire gamut of the private jet market.
Bombardier Aerospace today reported second-quarter revenues of $2.5 billion, up from $2.3 billion a year ago, thanks to “higher deliveries of regional airliners but offset by lower business jet shipments due to the Challenger 350 transition,” noted Bombardier president and CEO Pierre Beaudoin. The division reported a pre-tax profit of $141 million in the quarter, some $3 million more than in the same period last year.
Bombardier CEO Pierre Beaudoin now will exercise more direct oversight of the three units that comprise the company’s Aerospace division, after years of what he considers substandard performance, the Canadian executive conceded during Bombardier’s second-quarter earnings conference call on Thursday.
Bombardier announced the retirement of Bombardier Aerospace president and COO Guy Hachey yesterday as part of a wider restructuring that will see 1,800 layoffs “in the coming months.” Hachey leaves the company after six years as COO.
Bombardier on Wednesday announced the retirement of Bombardier Aerospace president and chief operating officer Guy Hachey as part of a wider restructuring that will see 1,800 layoffs “in the coming months.”
Bombardier Aerospace (Chalet C1-3) announced here at the Farnborough International Airshow yesterday that it received purchase orders and conditional commitments which push it past the 500-order milestone for both its Q400 and CSeries programs.
Apple’s product strategy serves to describe the similarities between the high-end P-8 Poseidon maritime patrol aircraft the U.S. Navy uses and the new, smaller maritime surveillance aircraft (MSA) being developed for international customers, according to Boeing Defense. Both aircraft are on display here at the Farnborough International Airshow this week.
Bombardier’s just-released market forecast shows a significant drop in anticipated deliveries of business and commercial aircraft during the coming 20 years compared to last year’s forecast. The current forecast is for deliveries from 2014 to 2033.
Last year, Bombardier forecast deliveries of 24,000 business jets worth $650 billion from 2013 to 2032. The current forecast is for 22,000 business jets worth $617 billion. These numbers are for aircraft segments in which it Bombardier competes with its Learjet, Challenger and Global models.
Bombardier Aerospace’s latest 20-year market forecast, released on Sunday at the Farnborough Airshow, shows a significant drop in anticipated deliveries of business jets compared with its forecast from last year.
The current forecast, which spans from 2014 to 2033, calls for deliveries of 22,000 business jets worth $617 billion. Last year Bombardier predicted demand for 24,000 business jets worth $650 billion from 2013 to 2032. These numbers are for aircraft segments in which the manufacturer competes, with its Learjets, Challengers and Globals.
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