The holder of a deposit on a Learjet 85 has asked Bombardier Aerospace for a refund due to the manufacturer’s plan to build the new jet’s composite airframe at its factory in Querétaro, Mexico.
Bombardier’s plans to increase production of its commercial airplanes by 10 percent this year remain intact for the time being, notwithstanding Bombardier Aerospace president and COO Guy Hachey’s statement today that some customers have approached the company about possible delivery deferrals.
With layoffs, furloughs, production cutbacks and cost controls, the industry is adjusting to the stress of the recession and the reduced demand for business aircraft.
Despite a rising stock market, a decline in new unemployment filings and other signs that the economy is recovering, the business aviation market is still bouncing along the rocky bottom, according to some analysts.
The change in fortunes of the business aviation industry since the 2008 EBACE show last May truly beggars belief. Since sometime around September last year the financial crisis–caused at least in part by self-destructive behavior of some of the industry’s best customers, the bankers–has been one kick in the teeth after another.
An agent representing the holder of a deposit on a Learjet 85 today at an EBACE press conference confronted Bombardier Aerospace for a refund due to the manufacturer’s plan to build the new jet’s composite airframe at its factory in Querétaro, Mexico.
Bombardier Aerospace (Booth No. 7011) is now offering a WAAS (wide area augmentation system) capable flight management system on its Learjet 60s; it also is STC’d for in-service models. The aircraft uses the WAAS signal in addition to GPS to fly area navigation and localize performance with vertical guidance instrument approaches. The system has been previously available for the Canadian airframer’s Learjet 40, 40 XR, 45 and 45 XR models.
Bombardier Aerospace, Lufthansa Flight Training (LFT) and Lufthansa Technical Training (LTT), yesterday signed the first authorized training provider (ATP) agreement for the new Bombardier C Series airliner. Under the terms of the contract, LFT will provide pilot and cabin crew training while LTT provides technical training for Europe-based operators of the 110-passenger CS100 and 130-passenger CS300, scheduled to enter into service in 2013.
Montreal-based Bombardier on Thursday announced that revenues increased by 13 percent to $19.7 billion in the fiscal year ending January 31. Meanwhile, its profits nearly tripled from the previous fiscal year to $1 billion for FY2009.
This week, Cessna Aircraft and Bombardier Aerospace separately announced they are cutting business jet production rates this year, in addition to laying off more people.
Bombardier Aerospace announced today that it has secured a firm order from Lease Corporation International (LCI) Aviation for 20 C Series airliners. The order, which involved a purchase agreement covering three CS100 and 17 CS300s, gave the C Series program its second firm customer.