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.
Science and technology in Canada
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’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.
The Series 400 Twin Otter on display in the Viking Air outdoor exhibit (OE26) is here at the Farnborough Airshow for a very special reason. Tomorrow morning Viking Air plans is holding a ceremony tomorrow at 10:30 a.m. at the Farnborough Airshow to celebrate the delivery of this and another aircraft, with their brightly colored liveries, two Series 400 Twin Otters to Air Seychelles. Other.
Global aircraft brokerage Jetcraft of Raleigh, North Carolina, is introducing its JetCoast completions program, a refreshed facet of its acquisition services, at EBACE 2014.
Bombardier Aerospace unveiled a full-scale mockup of its Global 7000 today at EBACE in Geneva, and the lines of people waiting to get in for a look often exceeded its 111-foot length. Bombardier says it is the largest-ever business jet mockup and “showcases the aircraft’s spaciousness, luxury and comfort.” The ultra-long-range jet, slated to enter service in 2016, also features what Bombardier claims is the “largest window area currently offered on a business jet.”
Aircraft brokerage Jetcraft of Raleigh, N.C., introduced its JetCoast completions program, a refreshed facet of its acquisition services, at EBACE. Through an alliance with Jet Aviation and Bombardier Aerospace, JetCoast offers buyers customized completions on new Challengers and Global XRSs. Under the program, Jetcraft buys green aircraft from Bombardier and oversees the completions, which are performed at Jet Aviation’s facility in St. Louis.
Bombardier Aerospace has started assembling major structures for the first flight-test vehicle (FTV1) of the Global 7000 and 8000 program, the Canadian aircraft manufacturer announced yesterday. FTV1 will be a Global 7000 prototype, a company spokeswoman told AIN.
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