Post by
stockitnow on Sep 13, 2021 7:44am
Reuters Exclusive: Bombardier set to launch updated
https://finance.yahoo.com/news/exclusive-bombardier-set-launch-updated-112519693.html MONTREAL (Reuters) - Bombardier is launching an updated version of its strong-selling Challenger 350 corporate jet with a redesigned interior, as more wealthy travelers seek to fly private during the COVID-19 pandemic, sources familiar with the matter said. Canada's Bombardier is expected to announce its first update of the Challenger 300 family since the 350's launch in 2014 at a virtual event on Tuesday.
Comment by
flamingogold on Sep 13, 2021 8:24am
This is very much what I expected. Maybe the flippers wanted to hear some far reaching pie-in-the-sky dream like an electric plane just to sell the pop. Instead, this is management staying laser focussed by tweaking their current build product line-up to suit market demands without pressuring their cash reserves. Smart move!
Comment by
stockitnow on Sep 13, 2021 9:29am
Yes, challenger needed a refresh and its bombardier's best seller. Some of the bombardier recent cash burn probably went into this refresh. Challenger 350 is in the sweet spot. Its price point and size is very well positioned against the competition. Based on what was said before I think margin on challenger is 11% which is what global 7500 is trying to reach. Currently global are at 5-8%.