Bombardier Bizjet Shipments Drop Slightly

AINalerts » August 30, 2007
August 30, 2007, 12:30 PM

Overall deliveries of Bombardier business jets in the six months ending July 31 declined slightly to 99 aircraft from 101 in the same period last year, the company said yesterday. However, it noted that backlogs for its business jets remain “strong” despite the credit crunch facing financial markets, while deliveries are poised to “accelerate” in the second half of the year. Bombardier logged higher year-over-year shipments of Globals and 40-series Learjets, but deliveries of Challenger 300s and 800s and Learjet 60/60XRs softened due to various production issues, for which the company promises quick resolutions. Shipments of Challenger 605s remained stable. “Demand spans our [business jet] product line,” said Bombardier Aerospace president and COO Pierre Beaudoin, “but Learjets were particularly good in the first half of the year.” Demand continues to shift from North American to international customers, he added, with the latter accounting for “more than 60 percent” of the backlog.

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