What Happened
Business Jet Orders Outpace Production As Deliveries Dip
Bombardier’s order backlog has surged to $21.8 billion, driven by strong demand for its Challenger and Global business jets. Despite a dip in deliveries due to supply-chain issues, the company’s revenue increased 6% to $2.15 billion in the second quarter. Bombardier’s services business also saw a 14% revenue increase, and the company generated $228 million in cash. The company has maintained its full-year delivery target and is studying possible acquisitions to expand its maintenance and support business. This development was reported by AeroTime.