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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Post by clubhouse19on Jun 07, 2023 9:42am
877 Views
Post# 35484144

Business jet activity qtr 1 2023

Business jet activity qtr 1 2023

Flight operations declined in Q1 2023. Departures were down 4.7 percent year-over-year and 6.2 percent compared to Q4 2022. Declines were led by the US and Europe, both of which experienced strong growth in the immediate post-COVID recovery. Charter operations also experienced a decline from post-COVID highs.

Demand remains well above pre-COVID levels, with Q1 2023 departures 14.1 percent higher than Q1 2019. A certain level of decline from post-COVID highs was expected as some users returned to commercial airlines (or reduced frequency of use of business aviation) as health and safety concerns diminished.vii Still, business aviation remains a “sticky” service with a strong value proposition (including flexibility, productivity, and comfort). Flight operations will likely find a new normal level that is lower than highs in 2022, but higher than pre-COVID levels.

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