Bombardier awaiting strong fourth quarter

In the Q3 2019, the Canadian Bombardier Business Aircraft, a subsidiary of the Bombardier’s Business Aircraft Manufacturing Division, handed over 31 business jets to its customers, which is the same as last year. However, the company was able to increase revenue by 4% to $ 1.558 billion, thanks to the supply of two Global 7500 and the first Global 6500.

According to Alen Bellemara, CEO, Bombardier Inc., when speaking at a press conference on the results of the company’s work in the third quarter, the pace of aircraft supplies will accelerate in the current fourth quarter, including the transfer of 10 – 15 Global 7500s. Currently, 20 Global 7500 business jets are in the final assembly workshop, and 10 planes,” almost completely ready.”

By the end of the year, Bombardier plans to deliver 175-180 jets, which corresponds to the previously published forecast. Projected revenue – US $ 8 billion.

The head of Bombardier noted that the ratio of orders for business jets to deliveries during the quarter remained at a high level and amounted to 1.3:1. The volume of the order portfolio at the end of September amounted to $ 15.3 billion, which is 1 billion more than at the end of 2019.

Alen Bellemara said that as a completely new aircraft that went into operation at the end of 2018, the Global 7500 always had some uncertainty about the delivery schedule, but he added that in general “we are making very good, solid progress.” According to him, the deliveries of 2019 are “loaded with internal work” in order to ensure unhindered access of the new aircraft to the service, to ensure its performance and minimize the “risk of possible modernization”. The head of Bombardier praised the “huge capabilities” of the aircraft, noting that he continues to set records “in flight range, speed.” As production ramps up, Global 7500 shipments should grow to 35 – 40 aircraft in 2020.

Recall that in October 2019, the European Aviation Safety Agency (EASA) certified two Bombardier business jets – Global 5500 and 6500. The approval followed immediately after receiving the “national” type certificate, which was received at the end of September from Transport Canada. The start-up customer leased the first Global 6500 delivered back to Bombardier for use as a demonstrator. According to plans, by the end of the year the company wants to supply several new ultra-long-range aircraft. A week later, Bombardier announced that the latest Global 5500 business jet now has a range of 5,900 nautical miles (10,900 km) at Mach 0.85. Thus, the aircraft will be able to connect more destinations than any other business jet in this segment.

Bombardier also reported on the latest record of the latest Global 7500 business jet. The aircraft completed its next extra-long flight, covering almost 8,000 nautical miles and connecting Sydney with Detroit by non-stop flight. This pair of cities has become the most remote in the history of business aviation, which was connected by a specially built business jet.

Source – http://www.bizavnews.ru/

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