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Bombardier Aerospace Delivers 244 Aircraft in 2010

February 17th, 2011 ~ No Comments

MONTREAL – Bombardier Aerospace announced today that it delivered 244 aircraft for the fiscal year ending January 31, 2011, compared to 302 aircraft deliveries in the previous fiscal year 2009/10 (year ending January 31, 2010). It received 201 aircraft orders, net of cancellations, compared to 11 orders, net of cancellations, for the previous fiscal year. The fourth quarter was especially strong for business aircraft, with 74 net aircraft orders.
Bombardier Aerospace had a solid performance despite the continued impact of the economic environment on the aviation industry and the slower than anticipated recovery from the global financial crisis.

In fiscal year 2010/11, Bombardier delivered 143 business jets, compared to 176 for the same period last fiscal year. For the same time period, Bombardier delivered 97 commercial aircraft, compared to 121 for the previous fiscal year. These delivery results are essentially in line with the previously announced guidance to deliver approximately 15 per cent less business aircraft and 20 per cent fewer commercial aircraft in fiscal year 2010/11, compared to the previous fiscal year.

“With a comprehensive portfolio of products, we believe our fundamentals are strong in the long term for both the business and commercial aircraft markets,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. “The aviation industry is cyclical by nature and Bombardier’s long history of success is attributable to our ability to face each challenge head-on, focus on the things we can control and put our plans into action,” continued Mr. Hachey. “Over the past years, we have taken significant steps to strengthen our operations and continue to invest in our future programs. By meeting the challenges of today and setting our sights on the future, we believe we are creating a loyal customer base for our products and services, and will emerge from this difficult environment a stronger and more efficient company.”

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