The new super-midsize Bombardier Challenger 3500 business jet entered into service and was delivered to a long-time customer. [Courtesy: Bombardier]
Key Takeaways:
Bombardier reported strong third-quarter revenue of $1.46 billion, driven by continued demand for business aircraft, leading to a backlog increase to $15 billion and keeping the company on track to deliver over 120 aircraft this year.
The company saw key developments, including the Challenger 3500 entering service, the announcement of a new cabin configuration for Global 7500/8000 jets, and the opening of a large new service center in Miami.
Despite facing supply chain issues, rising interest rates, and inflation, Bombardier significantly reduced its adjusted losses and saw growth in services revenue, expressing confidence in long-term business aviation growth.
Continued demand for private and business aircraft buoyed Bombardier’s third-quarter revenue, which reached $1.46 billion as the company said it remains on track to deliver more than 120 aircraft this year.
It was a busy quarter for the company as the new super-midsize Bombardier Challenger 3500 entered into service and was delivered to a long-time customer.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
