Bombardier Aerospace yesterday confirmed that ExecuJet Aviation no longer holds exclusive sales representation for new Bombardier Challenger, Learjet and Global business aircraft.
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Bombardier Aerospace announced today that it has “terminated its firm and conditional order purchase agreement with Jet Republic.” The cancellation removes 25 firm orders for Learjet 60XRs worth $340 million from Bombardier’s backlog. Jet Republic launched a European fractional-share company last year with an order for 110 Learjet 60 XRs and financing by Austria’s Euram Bank. Deliveries of the first airplanes were to have begun this October.
Bombardier Aerospace has named Indianapolis-based Comlux Completion USA an authorized AOG/line maintenance facility. The authorization allows Comlux to perform work on the airframer’s Learjet, Challenger and Global series. The company’s 44 aircraft maintenance technicians, 12 support personnel and 24 completions employees provide both maintenance and VIP cabin completion services out of Comlux’s 47,000 sq ft of dedicated hangar space.
Portugal-based private air services start-up Jet Republic joined Bombardier Aerospace’s carbon offset program for its initial fleet of 25 Learjet 60XRs, set to be delivered over the next two years, starting in October. Jet Republic could eventually take delivery of up to 110 Learjet 60XRs if it exercises all its options.
Bombardier Aerospace has issued a new market forecast for regional and business aircraft which paints a picture of temporary gloom giving way to long-term strength, with overall 20-year order and delivery (O&D) expectations not much lower than the Canadian manufacturer was predicting a year ago.
Eurocopter and Canada’s National Research Council (NRC) signed a 10-year agreement on research and technology cooperation, ranging from manufacturing technologies to flight tests for environmental investigations.
Bombardier Aerospace released its first-quarter results yesterday, reporting a net profit of $158 million for the quarter ending April 20, down from $229 million for the same quarter last year. Overall revenue slipped to $4.5 billion from $4.8 billion.
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.
Bombardier Aerospace plans to raise production of its commercial aircraft by about 10 percent this year, the manufacturer announced last month. The increase comes as the company continues to enjoy relatively strong demand for its Q400 turboprop, while the backlog for its CRJ line of regional jets dwindles.
Bombardier Aerospace has missed its January 31 target for converting a letter of interest (LOI) for “up to” 60 C Series airliners from Lufthansa, leaving the program devoid of orders some seven months after the official launch during last year’s Farnborough Air Show. However, Bombardier and Lufthansa continue to assert that plans remain in place to convert the LOI in due course.