Bombardier Bizjet Deliveries Drop

 - December 28, 2009, 7:51 AM

Bombardier reported $4.6 billion in revenues for its fiscal third quarter (ending October 31), which is on par with the previous year. However, third-quarter revenues at Bombardier Aerospace fell from $2.3 billion in 2008 to $2.1 billion due to fewer aircraft deliveries, namely a 42-percent drop in business jet shipments. During the quarter, Bombardier delivered 33 business jets versus 57 in 2008. By model this breaks down to four 40-series Learjets (11 in 3Q/08), four Learjet 60XRs (seven), seven Challenger 300s (13), nine Challenger 605s (12), eight Globals (12) and one Challenger 800 (two). The aerospace backlog stood at $18.1 billion as of October 31, compared with $23.5 billion on January 31. Bombardier is seeing positive indications that the business jet market is picking up, noting that the third quarter saw the first net increase in business jet orders for the year.