Bombardier loses top business jet ranking to Gulfstream

Bombardier lost its position as the global business jet leader in 2013 for  the first time in nearly a decade as Gulfstream posted US$1 billion more in billings than its Canadian rival, the General Aviation Manufacturers Association  said Wednesday.

Bombardier (TSX:BBD.B) sold 25 per cent more aircraft than Gulfstream, but  the U.S. company’s large, new G650 aircraft helped it to generate US$7.35  billion of revenues.

The Montreal-based manufacturer sold 180 business jets in 2013, one more than in  2012 as the value of its billings increased 8.6 per cent to US$6.33 billion.

Bombardier delivered 62 large Global planes, 32 Challenger 605s, 55  Challenger 300s and 29 Learjets. The relative weakness in the small jet market  saw Learjet deliveries fall by 10 planes, offset by the shipment of eight more  Globals and seven more Challenger 300s.

Gulfstream’s total deliveries increased by 53 per cent to 144 aircraft,  including 121 larger models and 23 Gulfstream 150s and 280s.

Continue reading on CTVNews >>

Gulfstream large new G650 aircraft helped it to generate $7.35 billion US of revenues

Tags: ,

Comments are closed.