Bombardier Inc. T.BBD.A

Used jets inventories

[Tempo1]

By Jefferies published on Aviation International news

Inventory of preowned business jets for sale this month is up 18% year over year and 1% higher month over month, according to an analysis from Jefferies Equity Research and using data from Amstat. Year to date, inventory rose just 2%.

For jets less than seven years out of production, there was a 17% increase, with inventory sitting at 3.9% of the fleet. The increase was across midsize (+28%), large-cabin (+13%), and light business jets (+15%). Pricing contracted 7% YOY and 2% from May.

Used business jet inventory among the top five business jet OEMs—Bombardier, Dassault, Embraer, Gulfstream, and Textron Aviation—stood at 3.8% in 2024 versus 3.6% last month and 3.3% last June.

Bombardier fared the best, with inventory of its jets rising by just 2% year-over-year, to 59 aircraft. The rest of the top OEMs saw units for sale climb by double digits YOY: Embraer and Gulfstream, both up 27% YOY, to 32 and 90 aircraft respectively; Textron (Cessna Citation), up 28%, to 137 jets; and Dassault Falcon, up 47%, to 25 aircraft. Meanwhile, prices for preowned Cessna Citation, Gulfstream, Embraer, and Bombardier jets fell, but increased for Dassault Falcons.

[BBDB859]

Good news. Bombardier's lower inventory increase is far better than everybody's at 2% of increased  inventory. Every other OEM is at 17% and higher. This effeciency in the company is starting to show in a lot of different ways. When we started to specialize on one product only, the effeciency started to show quickly. This is a important fact to the growth of Bombardier, Their focus is

[Tempo1]

I share your enthousiasm. I enjoy these times,  all the indicator lights are green except perhaps the supply which is yellow. The 2,6 M shares transaction yesterday morning is an indication of accumulation.   I suspect institutional ownership is higher than the 20% shown by financial sites. The compilation may be monthly or quarterly, so the May binge may not have been calculated

[trademorestock]

Given the 2.64 mil shares traded in 1 min that is NOT accumulation, it's definitely set up before hand

[johnney]

That is correct, set up before, for an amount like that!

[Tempo1]

Agree,  you're right. 

[BBDB859]

You are probably right on the accumulation from Institutions. I'm sure that the percentage is probably more than 21 to 22% by now. I just wanna see this company get it's due from all the hard work they put into this turnaround. They deserve the notoriaty for such a great job on the LTD.

[MyNameIsNobody]

I don't remember who, but someone has been posting info on institutional ownership and it keeps looking better and better. The company is, and will keep on, getting its due for all the hard work.. this year and the next one, at least. Next week should confirm that we'll have good numbers for Q2 as well.

[BBDB859]

Ya, I don't remember who it is. It would be nice to see if there are any changes from the last time he posted them. I think they were close to 20.5%

[stockitnow]

There is a chart in mid article showing trend on business jet inventory.  https://www.forbes.com/sites/douggollan/2024/05/10/measuring-the-private-jet-market-in-2024/

[BBDB859]

Thanks for the article Stock.Your research is always infomative as usual. This article in particular made more sense of what's going overall in the industry. IMHO, it just goes to show us that Bombardier made all the right moves, starting with the divesting of the Train division, building Pearson, and all the Service centers, at the right time. In any industry, you have to spend money to make