BOMBARDIER SNAGS 10-AIRCRAFT, $452M DEAL
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Bombardier received its largest business jet order for the year thus far with a 10-aircraft deal valued at $451.8 million, according to current list prices, the Montreal manufacturer recently announced. Bombardier did not disclose the customer nor did it discuss the order mix, citing “competitive reasons.” But based on the amount, such a contract would support the purchase of three Challenger 350s, five Global 5500s, and a pair of Global 7500s, for instance.
The order provides further evidence of a strengthening market after last year’s pandemic-related malaise. In May Bombardier president and CEO Éric Martel told analysts he was encouraged by improving order activity that had started slowly in January but picked up notably in February and March and carried into the second quarter. Bombardier had achieved a book-to-bill ratio exceeding 1:1 in the first quarter. It plans for deliveries this year to remain roughly flat from 2020 totals.
Source: BJT Online