Bombardier set a new record for business jet deliveries in its latest financial year, shipping 212 airplanes in the 12 months to January 2007. But the weakness of the U.S. dollar means the Canadian industrial group’s aerospace division, with much of its manufacturing concentrated in Canada and the UK, has some way to go to match industry-best margins.
Pratt & Whitney Canada plans to build a brand-new engine for Bomardier C Series line of single-aisle commercial airliners. The Canadian airframer confirmed the powerplant selection at the Paris Air Show yesterday during an unveiling of partial cabin mockup on display at Le Bourget.
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.
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