Bombardier Owes Financial Results to Its Bizjets
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."