Bombardier’s bizjet deliveries up; profits down
Bombardier’s achievements this year in getting new business jets into the marketplace are particularly noteworthy in view of the company’s overall financia

Bombardier’s achievements this year in getting new business jets into the marketplace are particularly noteworthy in view of the company’s overall financial statistics. An increase in business aircraft deliveries helped boost Bombardier revenues in the first quarter ending April 30.

However, this year-over-year gain was offset by discounting on regional jet sales, cost overruns at Bombardier’s transit systems division and a strengthening of the Canadian dollar against U.S. currency. As a result, Bombardier suffered a first-quarter loss of $174 million, and the aerospace unit’s pretax loss widened to $23 million from $6 million.

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