Values among many pre-owned aircraft began to stabilize this year, with some even appreciating while others sought traction amid slipping prices. This year will close having sustained a trend toward lowering inventory, and the impetus for continued tightening remains in place. Though interest rates are rising, they are low by historical standards, enabling buyers to secure attractive financing rates.
Learjets and Challengers have a Teterboro (TEB) maintenance option as Bombardier is now offering drop-in and line service support at the repair station that has previously been dedicated to the Flexjet fractional fleet. The company cited the desire to increase its service and maintenance capacity throughout its domestic service center network.
Delta Air Lines subsidiary Comair took delivery of the 1,000th production regional jet built by Bombardier Aerospace during a December 9 ceremony at the company’s plant in Dorval, Quebec.
The 54,000-sq-ft former Learjet maintenance facility at Denver International Airport has been acquired by Denver-based Aviation Development Group, which plans to lease it in whole or in part to corporate aviation interests. The property includes 19,250 sq ft of office space and 34,750 sq ft of hangar area. Bombardier Aerospace vacated the premises a couple of years ago as part of a company-wide consolidation.
Bombardier’s newly constituted board of directors last month gave approval to the company’s commercial airplane division to offer the C Series line of single-aisle jets to potential customers, marking the start of the company’s foray into the major airline market.
Bombardier Aerospace’s case for the C Series may just have grown sounder last month as Boeing announced it would pull the plug on the 110- to 115-seat 717, the proposed Canadian jet’s main competitor. Boeing plans to end production of the weak-selling 717 by the middle of next year, after the last of a backlog of 18 airplanes rolls off its Long Beach assembly line.
Bankrupt Air Canada last month signed a pair of MOUs that call for a split order for 90 airplanes from Bombardier of Canada and Embraer of Brazil. The transactions, which would include firm orders for 15 Bombardier CRJ200s, 30 CRJ700s and 45 Embraer 190s, remain subject to Air Canada’s ability to attract $4 billion in new investment upon emerging from bankruptcy protection.
Bombardier Flexjet, the U.S.-based fractional business jet arm of Canadian manufacturer Bombardier, last month announced it would begin operations in--where else--Canada. Flexjet Canada has started operations with three Canadian-registered aircraft–two Learjet 45s and a Challenger 604–formerly in the Bombardier corporate fleet and 10 Montreal-based pilots.
Bombardier Aerospace's results improved in FY 2006, primarily the result of a continued strong business jet market. According to financial results released yesterday for its fourth quarter and fiscal year ended January 31, the regional aircraft market presented "significant challenges," but the business jet market remained strong with a "45-percent boost in deliveries, reflecting increases in all Bombardier business aircraft models.
Early last July Pierre Beaudoin’s 10-month stint as president and COO of Bombardier Aerospace came to an end as he passed the baton to Pierre Gabriel Côté. Beaudoin, the son of Bombardier chairman Laurent Beaudoin and the grandson of company founder Joseph-Armand Bombardier, was asked to serve in an interim capacity in September 2005 when Peter Edwards departed after 10 years.