Bombardier sees higher Global 7500 jet deliveries in Q4, after reporting earnings miss

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\u0027We are fully aware of the challenges we face,\u0027 said Chief Executive Eric Martel

Revenue from Bombardier’s transportation unit fell 2.5 per cent, hit by the pandemic and several-low margin projects.While corporate aircraft deliveries are expected to decline industry-wide by 30 per cent in 2020 due to the pandemic, plane makers are encouraged by revived activity, including a rebound in private flights.Martel said business jet order activity is improving, especially for its mid-sized Challenger aircraft.

Corporate jet deliveries fell to 24 units in the quarter from 31 a year earlier. But revenue from business aircraft rose about 10 per cent since higher-priced Global 7500s made up a third of deliveries.

 

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