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Bombardier is closing the yr with a agency order valued at $267 million for 10 super-midsize Challenger 350s from an undisclosed buyer. The dedication marks one of many bigger orders in 2020 and signifies strengthening curiosity within the enterprise aviation market in the course of the pandemic, based on Bombardier.
“This order highlights the worth clients place on the unequalled capabilities of our plane,” stated Bombardier president and CEO Éric Martel. “Bombardier’s newly refreshed portfolio and rising service community place the corporate nicely to reply to rising curiosity in non-public aviation and the improved security it supplies.”
The order is also a key win for Bombardier because it begins its transition right into a pure-play enterprise aviation firm within the upcoming weeks. As soon as shed of its non-business aviation entities, Bombardier plans to deal with managing its present portfolio of plane and development in its present service community as it really works to cut back capital and different prices and handle an anticipated residual $4.5 billion debt load.
As well as, the sale supplies a key increase for Bombardier, which has needed to realign manufacturing as complexities of working within the Covid atmosphere hampered gross sales and deliveries. By way of the primary three quarters, Bombardier deliveries dropped by 20 enterprise plane, to 70. Martel has additional estimated Bombardier would hand over between 100 to 120 enterprise jets subsequent yr, in contrast with 142 in 2019.
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