Three separate forecasts released last month indicate a steady increase in demand for and deliveries of business jets over the next two decades.
Dallas-based Bombardier Flexjet announced at the end of April that it had added the new Challenger 605 to its fractional fleet. Five Challenger 605s are among 24 new aircraft scheduled to enter service with Flexjet this year. Other new arrivals will include the super-midsize Challenger 300 and midsize Learjet 60XR.
Bombardier Aerospace late last week announced that it will manufacture the all-composite structure for the new Learjet 85 at its facility in Querétaro, Mexico. In addition, the Querétaro site will be responsible for making the electrical harness and performing subassembly systems installation for the twinjet.
A familiar name moved up at Bombardier Aerospace in October when Pierre Beaudoin replaced Michael Graff as president and COO.
Bombardier Aerospace has promoted Peter Edwards to president of its business aircraft unit. Edwards, who has served in other executive positions in the business aircraft unit since joining the company in 1995, takes the left seat from Pierre Beaudoin (son of Bombardier chairman Laurent Beaudoin), who became president and COO of Bombardier Aerospace this past October.
Bombardier Aerospace marked EBACE eve with its second annual day-long European Safety Standdown, and made it clear that the program in Europe will continue.
The number of deliveries of new business aircraft is expected to increase substantially in the next 10 years, but this will be accompanied by a reduction in orders, especially in the short term, according to new Bombardier Aerospace statistics.
Bombardier Aerospace’s business aircraft market forecast, released last week, predicts that 1,320 business jets, ranging from light twinjets to corporate airliners, will be delivered annually over the next 10 years. According to the Canadian aircraft manufacturer, this is more than a twofold increase from the industry average of about 620 business jets delivered annually between 1998 and 2007.
Low demand for corporate aircraft and small airliners has led New York-based financial advisor Moody’s Investors Service to review, and possibly downgrade in
the next two months, certain Bombardier debt ratings. Bombardier Aerospace’s intermediate-term earnings and cash flow could be constrained by any adverse market effects, according to Moody’s corporate finance group senior vice president Tassos Philippakos.
Bombardier announced during last month’s Zuhai Air Show that the Qingdao Fei Sheng International Aviation Technology Development Training Co. (Qingdao Fei Sheng Training Center), a joint venture between Bombardier Aerospace and Shandong Airlines, will provide initial training for Shanghai Airlines Bombardier CRJ200 regional jet pilots.