MONTREAL — Under the wing of a new logo, Bombardier Inc. said it lengthened its order book last quarter even as global demand for business jets idles.
The decrease resulted partly from lower than expected plane deliveries in the quarter — 20 versus 22 a year earlier — but CEO Éric Martel said the number aligned with Bombardier's production plan of 150 to 155 jets this year. Last year, roughly 40 per cent of its new jets landed with clients in the final quarter.
Bombardier's share price rose by $2.96 or more than five per cent to $59.96 in late-morning trading Thursday. Dubbed the Bombardier Mach, the black-and-white symbol features a stylized silhouette of an aircraft breaking the sound barrier,"while the strokes of wind over an aircraft reference the company’s deeply rooted heritage and the Learjet brand’s storied winglet iconography," Bombardier said.