Bombardier lifts 2025 financial targets, production amid strong business jet market

on Thursday raised 2025 revenue and free cash targets at its investor day and said it would produce more planes, despite broader economic headwinds.on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and the possibility of a recession remain concerns.Bombardier Chief Executive Eric Martel told investors he expects tailwinds such as a growing backlog and few pre-owned planes available for sale to overcome headwinds like delays on parts.

Bombardier has been paying down debt and is targeting stronger free cash flow generation of more than $900 million in 2025 after being hit by a cash crunch while bringing new planes to market a decade earlier. It had a debt of about $5.6 billion as of Thursday. Martel said he does not see how the company could produce a new clean-sheet jet without spending billions of dollars.

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Bombardier lifts 2025 financial targets amid strong business jet marketCanadian business jet maker Bombardier Inc on Thursday raised its 2025 revenue and free cash flow targets at its investor day, capitalizing on strong demand for private flights. 'Strong business jet market.' Hmm... Business leaders don't seem to share climate concerns. Neither do they share the economic distress.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Bombardier lifts 2025 financial targets, plane production amid strong business jet marketBusiness jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash flow targets at its investor day and said it would produce more corporate planes, sending shares up 7.5% in late morning trade. XV 70A?
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »