Bombardier Buoyed by Business Jet Market

 - October 31, 2006, 11:21 AM

Reporting last month on its results for the fiscal year that ended January 31, Bombardier saw a strong year-over-year recovery in its business jet segment. The company said business jet orders were up 69 percent, while deliveries climbed 44 percent. Its share of the business jet market in which it competes, based on deliveries, reached 27 percent versus 20 percent last year, according to the company. Bombardier predicts that deliveries of business aircraft will continue to increase this fiscal year.