Bombardier Aerospace today reported revenues of $8.6 billion last year, down from $8.8 billion in 2010, while pre-tax profits slid by $52 million year-over-year, to $502 million.
Bombardier Aerospace selected Phoenix-based Aviation Performance Solutions to provide live upset recovery training as part of its Leading Edge Program offered to Learjet, Challenger and Global customers. Like its Safety Standdowns, “The Bombardier Leading Edge program promotes knowledge and skills-based training along with each individual pilot’s discipline and responsibility as essential elements of aviation professionalism and safety,” said Capt. Rick Rowe, manager of Safety Standdown programs at Bombardier.
Bombardier Aerospace’s third-quarter revenues rose to $2.3 billion, up from $1.8 billion a year ago, thanks to more business jet deliveries and higher net selling prices, the Canadian aircraft manufacturer said today in its quarterly financial report. Bombardier delivered 43 business jets in the quarter, compared with 31 in the same period last year. The Challenger 605 led the gains in deliveries, with 10 of the large cabin twinjets handed ove
Bombardier Commercial Aircraft president Gary Scott has left the company effective October 1, citing a desire to devote more time to his family. Bombardier Aerospace president and COO Guy Hachey has assumed Scott’s duties while the company seeks a replacement.
Bombardier reported $4.7 billion in revenue for its first fiscal quarter (which ended April 30), a 9-percent year-over-year increase, thanks in part to a stronger business jet market, “especially at the high end,” said Bombardier president and CEO Pierre Beaudoin. Profits in the fiscal quarter reached $220 million, compared with $195 million last year.
Last week Bombardier reported $4.7 billion in revenue for its first fiscal quarter (which ended April 30), a 9-percent year-over-year increase, thanks in part to a stronger business jet market, “especially at the high end,” said Bombardier president and CEO Pierre Beaudoin. Profits in the fiscal quarter reached $220 million, compared with $195 million last year.
If the business aviation industry is experiencing a recovery, it is by most indications a stumbling affair, with new markets leading the way.
In early May, JPMorgan described business aviation’s progress toward a recovery as “uneven.” In its May Business Jet Monthly report, the firm took note of a “post-recession low” in the inventory of used jets for sale, but also an overall drop in used aircraft prices.
A year after the grand-opening celebration for its Schiphol Service Center in Amsterdam, Bombardier Aerospace (Stand 7011) is adding more capacity to the wholly owned facility. The company is growing the staff at Schiphol by 30 percent and adding shifts this year to provide more flexibility for customers to schedule light and heavy maintenance tasks.
Asked at the 1986 Farnborough airshow what market share Canadair wanted for the Challenger corporate jet, Donald Lowe said simply, “We want our third.” Lowe was chief executive designate at the government-owned aircraft company that Canadian mass-transit manufacturer Bombardier had agreed to acquire just three weeks earlier.
More than a month before release of the FY2010/11 financial results by parent company Bombardier, Inc., Bombardier Aerospace released business jet delivery numbers for FY2010/11, and despite an “especially strong” fourth quarter, deliveries for the fiscal year were down, to 143 from 176 in FY2009/10.