Large business jets are recession proofThis is why PWC after decades of not being a player now has three airframer powered by PW800 engine. Their president few years back wanted to break into the market. Cessna, Embraer small jets are at risk during recession.
Large business jets are bought by billionaires or owned by jets sharing company to be used by them.
So if the large business jet are recession proof, then so would Bombardier with its large business jet line up. And unlike Dassault and Gulfstream, Bombardier dont have any longer and money draining new airframer to certify to bring to market.
Well played by Bombardier to let Gulfstream sink money in to new model to make G800 which is based off G650ER with G700 wings and engines. G8000 takes on both G700 and G800 with one plane.
Russian war, airlines reducing their network, uncertainty of global travel recovery is bonus for Bombardier to capture the very high net worth buyers. Remember, during covid, the rich got richer, and they want to travel in style and privately.
Bombardier has the backlog and are progressing well into increasing their margins to address the debt.