Bombardier’s first quarter ‘a good start’
Yves Le Marquand
6th May 2021, 1:28
“We have been setting the foundations to become a more resilient and profitable business – in a nutshell, a good start [to the year]
,” said Eric Martel, president, Bombardier opening the company’s first-quarter results webcast.
Martel said recovery from the Covid-19 global pandemic was progressing:
“Most market trends point to a gradual reopening and strong recovery.” Bombardier’s business jet revenues are up 18% year-on-year (YoY) totalling $1.3bn, largely driven by a mix of large-cabin aircraft deliveries, it said.
Business aircraft deliveries for the quarter totalled 26 units, on par with last year. Bombardier said it remains on plan for 110-120 deliveries this year. Stronger sales activity in the first quarter yielded a unit book-to-bill ratio above 1.0, which is expected to continue into the second quarter.
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