Bombardier has cut aircraft production figures for the current 2001-02 financial period in reaction, it said, to the economic crisis sparked by the September 11 terrorist attacks on the U.S.
The business jet industry “remains strong,” according to newly appointed Bombardier president and CEO Pierre Beaudoin, who released first quarter financial results during an investors conference call yesterday. Revenues for Bombardier Aerospace increased 5 percent, from $2.26 billion in the first fiscal quarter last year to $2.38 billion in the same period this year.
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.