RE:RE:Large business jets are recession proofHey BBDB859, thanks for the welcome back. I follow this board but not too often as few posters made a muck of it with nonsense post.
Agree, Pearson will bring more efficiency, more automation and less overhead cost.
Bombardier the new Bombardier is just starting. We are still around $2 pre RS but with all heavy R&D behind and all legacy dead weight gone, there is more room to go up. Debt repayment was a big uncertainty for bbd and now its doing well on that front.
BBDB859 wrote: Hey Stock. Nice to have you back. where have you been? I've missed your informed opinions and BJ aeroplane know how.
Your 100% right on Bombardier's smart move regarding the large BJ's sector. As you say they're way ahead of their competition. Wait until Q1/2024 when Pearson kicks up production to see what this company can really do.
Cheers
stockitnow wrote: This 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.