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Bombardier: Airport Delays Are Speeding Up Shift to Bizjet Travel

Éric Martel, CEO of Bombardier, told investors during a second-quarter earnings call that airline schedule disruptions are creating demand for business aviation travel.

"Demand for business aviation continues to grow to new members of the flying public," Bombardier president and CEO Éric Martel told investors. [Courtesy: Bombardier]
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Key Takeaways:

  • Ongoing commercial airline disruptions are driving increased demand and appeal for business aviation, as evidenced by high jet utilization and Bombardier's strong $14.7 billion book-to-bill ratio.
  • Bombardier's CEO, Éric Martel, asserts that this surge in demand is a long-term shift, not merely a pandemic rebound, with new customer segments increasingly utilizing private and charter services.
  • Bombardier is capitalizing on this trend with strong Q2 aircraft deliveries and by introducing new models, including the ultra-long-range Global 8000 and the super-midsize Challenger 3500.
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“With every passing month of airport and flight schedule disruption, business [aviation] travel becomes a more appealing option.” That’s what Éric Martel, president and CEO of Bombardier, told investors recently during a second-quarter earnings call.

Martel said the assessment was evidenced by the high utilization of business jets this year by his company, as well as its competitors.

Michael Wildes

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.

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