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Bombardier feels pinch of business jet downturn
02 September 2009
Bombardier Aerospace has released its second quarter results and said a fall-off in business jet deliveries accounted for a drop in revenues
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Bombardier
Bombardier Aerospace
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second quarter
Bombardier Aerospace said business jet cancellations and a difficult economic environment continue to take their toll as the manufacturer reported its second quarter results.
Revenues for the quarter ending July 31 were $2.4 billion, compared to $2.5 billion for the equivalent period last year.
The Canada-based manufacturer said a deteriorating environment for the business jet sector accounted in large part for the drop in revenues.
“The decrease is mainly due to a decrease in manufacturing revenues due to lower deliveries and selling prices for...
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