Bombardier anticipates deliveries of its business aircraft will increase by 10 percent or more next year, to somewhere between 150 to 155 in 2019, as it ramps up on its flagship Global 7500 program, the company said today. Updating its guidance in advance of its annual Investor Day this afternoon, the manufacturer estimated that the Business Aircraft unit would bring in around $6.25 billion in revenues in 2019.
The 2019 deliveries estimate is up from the 2018 estimate of about 135 business aircraft shipments, while the revenue guidance marks an increase from the $5 billion estimate for this year. This will bring Bombardier closer to its stated objected for the Business Aircraft unit to bring in upwards of $8.5 billion by 2020.
Company-wide, revenues are anticipated to increase 10 percent in 2019 to $18 billion, the manufacturer said, adding that EDITBA before special items is expected to jump by 30 percent to between $1.65 billion and $1.8 billion. Special items include a $250 million restructuring charge and a $250 million contingency for the Global 7500 ramp-up.
“Three years into our turnaround plan and Bombardier is a much stronger company,” said Bombardier president and CEO Alain Bellemare. “We are confident in achieving our 2020 objectives and see tremendous opportunities beyond 2020.”