and its current path to achieve its goals, thanks to “solid” market conditions that he argues have set the Canadian plane maker up for success.
“We are extremely pleased,” Éric Martel told BNN Bloomberg in a Wednesday television interview. “We had an excellent quarter.”second-quarter 2023 revenues up eight per cent year-over-year, at $1.7 billion, after delivering 29 planesMartel said the market has changed but the conditions are right for Bombardier to maintain its target book-to-bill, or ratio of orders to billed deliveries, of one-to-one.
“The market remains extremely solid. It's a different market than what it was a year ago, but it's a market that allows us to sell our planes and maintain the backlog we created over the last two years,” he said. “That's our target.”Martel noted that Bombardier has benefited from the good fortunes of fleet operators, which allow partial ownership of jets or other purchase options.
Such companies have been growing in recent years, and Martel explained that the trend puts the jet maker in a good position. “For Bombardier, because we're dominating that segment of the market with the fleet operators, it is great news,” he said. “Not only these guys need capacity to grow, but they also need to replace some of the airplanes, which puts us in a very solid position.”
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