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 and a growing $15 billion backlog, signaling continued high demand for private and business aircraft.
The company launched its new Challenger 3500 into service, unveiled a new Global 7500/8000 cabin configuration, and opened a large new service center in Miami.
While facing supply chain challenges affecting margins, Bombardier significantly reduced adjusted losses and maintains an optimistic outlook for long-term growth in the business aviation sector.
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.
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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.
