Bombardier posts strong aircraft sales in 2011
Jan. 24, 2012, Montreal - Bombardier Aerospace announced today its deliveries and orders results for the 11-month fiscal year which ended December 31, 2011.
January 24, 2012 By Carey Fredericks
Despite a volatile economic environment that continued to create uncertainty in many sectors around the world, including the aerospace industry, Bombardier Aerospace put in a solid performance. For the 11-month period ended December 31, 2011, Bombardier delivered 245 aircraft compared to 256 (i) aircraft deliveries in the previous fiscal year (February 1, 2010 to January 31, 2011). This delivery total is essentially in line with the 240 aircraft delivery guidance that was provided in February 2011 although with a different mix of aircraft.
For the 11-month period ended December 31, 2011, Bombardier received 249 aircraft orders, net of cancellations, compared to 201 orders, net of cancellations, for the previous fiscal year.
"The recurring fluctuations in the world economies in 2011 created a mood of caution in many sectors, and the resulting uncertainty continued to challenge the civil aviation industry," said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. "However, with our comprehensive portfolio of business, commercial and amphibious aircraft, we are well positioned to meet the long-term needs of our customers.
"The civil aviation industry is familiar with external turbulence, and Bombardier has a proven record of addressing challenges successfully. Within this uncertain economic environment, our large business aircraft segment has done extremely well, as seen by our Global business jets family where we have seen continuous growth. Additionally, the CRJ1000 NextGen regional aircraft is performing beyond expectations and we are very pleased with the growing and diverse customer base of our CSeries family of airliners," continued Mr. Hachey.
On November 30, 2011, the Corporation's Board of Directors approved the change of financial year-end from January 31 to December 31, effective December 31, 2011. As a result, the fourth quarter ending December 31, 2011 contains two months and the annual period ending December 31, 2011 contains 11 months of Bombardier Aerospace's results.
For the 11-month period ended December 31, 2011; Bombardier delivered 163 business jets, compared to 155 for the previous fiscal year. During this same 11-month period, the company received 191 net orders for business jets, compared to 107 for the previous fiscal year.
For the 11-month period ended December 31, 2011; Bombardier delivered 78 commercial aircraft, compared to 97 for the previous fiscal year. During this same 11-month period, the company received 54 net orders for commercial aircraft, compared to 93 for the previous fiscal year.
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