Better than 2019 and no need invest in production capacity
Go to content Les Ailes du Qubec Les Ailes du Qubec All about Quebec aviation and aerospace Quebec Wings Bombardier Delivers First Global 6000 to the Luftwaff At the opening of the financial markets this morning, Bombardier's stock jumped 5%. The Class B single voting share rose from $1.16 to $1.22 in early trading. The Class A Multiple Voting Share also jumped 5%. It rose from $1.33 to $1.41. Several factors could explain the rally in the Montreal-based aircraft manufacturer's stock. Most importantly, I'm taking away that business aviation is headed for a year above 2019. New orders will come in and sooner or later Bombardier will have to increase production rates. In the short term, the manufacturer must wait for more orders before committing to its suppliers. It should be noted that Bombardier's production capacity is higher than its current rates, which means that it will not need to make investments to increase annual deliveries. The next accelerations will therefore allow it to rapidly improve its profit margin. Happy St. John's Day! 3 views on "Bombardier's stock jumps 5%" louis martineau June 24, 2021 at 2:45 pm Permalink It is through the class A (BBD.A) of bombardier inc that the Bombardier/Beaudoin family of Beaudier Holding is the controlling shareholder of the aircraft manufacturer. Answer Full Gas June 25, 2021 at 8:21 am Permalink The new orders will come in and sooner or later Bombardier will have to increase production rates. Let's say that Bombardier is very discreet about new orders. There are no announcements and no leaks, is it in order not to disclose its information to competitors. For now, there are about 65 Globals that have been produced. Answer Andr AllardArticle author June 25, 2021 at 9:12 am Permalink It seems that the new orders are coming from individuals for the moment so it's more discreet. The big operators like NetJet and VistaJet are waiting to be sure of the recovery before placing orders. Translated with www.DeepL.com/Translator (free version)