Bombardier Aerospace is dealing with the same tough market that has hurt other aircraft companies, but they recently announced the delivery of 353* aircraft for the fiscal year ending January 31, 2009.
According to Bombardier Aerospace, this compares to 361 aircraft deliveries in the previous fiscal year 2007/08 (year ending January 31, 2008).
Bombardier also received 378* aircraft orders, net of cancellations, compared to an exceptional 698 orders, net of cancellations, for the previous fiscal year. Its book-to-bill ratio for the year stands at 1.07. (*Unaudited results)
For the current fiscal year 2009/10, Bombardier expects to deliver a slightly lower total number of aircraft than last fiscal year 2008/09.
“The industry is experiencing strong turbulence and we anticipate more volatility in the short term. The fundamentals of Bombardier Aerospace are solid, but we expect we will face more challenges this year,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace.
“While the Corporation has taken significant steps to strengthen its operational and financial position over the last years, we must continue to be prudent and take decisive action. We will thus ensure our continued success over the long term and maintain our leadership position by meeting our customer commitments and by continuing to invest in our current and future products,” he added.
Source: Bombardier Aerospace
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