Bombardier Aerospace
TSX : BBD.A
TSX : BBD.B

Bombardier Aerospace

February 05, 2010 07:30 ET

Bombardier Aerospace Delivers 302 Aircraft in Fiscal Year 2009/10

MONTREAL, QUEBEC--(Marketwire - Feb. 5, 2010) -

  • Business aircraft: 176 deliveries; 85 negative net orders
  • Commercial aircraft: 121 deliveries; 88 net orders
  • Amphibious aircraft: 5 deliveries; 8 net orders

Bombardier Aerospace announced today that it delivered 302 aircraft for the fiscal year ending January 31, 2010, compared to 349 aircraft deliveries in the previous fiscal year 2008/09 (year ending January 31, 2009). It received 11 aircraft orders, net of cancellations, compared to 367 orders, net of cancellations, for the previous fiscal year. With the aviation industry continuing to struggle in the current difficult economic environment, Bombardier Aerospace's performance was solid.

"The global economic crisis which began in 2008 continued to impact the civil aviation industry throughout 2009 as conditions remained challenging," said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. "While indicators of market stabilization have started to emerge, we remain cautious as economic uncertainty still prevails. We have taken significant steps to strengthen our operations and continue to invest significantly in future programs. We strongly believe that through flawless execution and by creating a loyal customer base for our products and services, we will emerge from this crisis a stronger and more efficient company," he added.

Business Aircraft

In fiscal year 2009/10, Bombardier delivered 176 business jets, compared to 235 for the same period last fiscal year, in line with the 25 per cent decrease in business aircraft delivery guidance provided in 2009.

Business aircraft deliveries for the current fiscal year 2010/11 are expected to be approximately 15 per cent less than fiscal year 2009/10.

Commercial Aircraft

In fiscal year 2009/10, Bombardier delivered 121 commercial aircraft, compared to 110 for the previous fiscal year. This is in line with the 10 per cent increase in commercial aircraft delivery guidance provided last year.

Bombardier expects that most of the deliveries of its commercial aircraft will take place in the last three quarters of the current fiscal year 2010/11 as a result of the production rate reductions announced in 2009 and the delay in the certification and entry into service of the CRJ1000 aircraft to the second half of fiscal year 2011. Compared to the previous fiscal year, the Corporation expects to deliver approximately 20 per cent fewer commercial aircraft in fiscal year 2010/11.

Tables at the end of this press release provide delivery totals and net order totals for business, commercial and amphibious aircraft for the previous fiscal year 2009/10.

Note:

All fiscal year 2009/10 delivery and order numbers are unaudited.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2009, were $19.7 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.

Bombardier and CRJ1000 are trademarks of Bombardier Inc. or its subsidiaries.

TABLES

Fiscal year 2009/10 delivery totals

Aircraft Deliveries
Fiscal year 2009/10 
(Year ending Jan. 31, 2010)
Deliveries
Fiscal year 2008/09 
(Year ending Jan. 31, 2009)
Commercial aircraft    
  CRJ Series 60 56
  Q-Series 61 54
  121 110
Business aircraft    
  Learjet Series 44 70
  Challenger Series 82 115
  Global Series 50 50
 (including those in the fractional ownership program*) 176 235
Amphibious Aircraft    
  Bombardier 415 5 4
     
Grand total 302 349

* An aircraft delivery is included in the above table when the equivalent of 100 per cent of the fractional shares of an aircraft model have been sold to external customers.

Fiscal year 2009/10 net order totals

Aircraft Net Orders
Fiscal year 2009/10
(Year ending Jan. 31, 2010)
Net Orders
Fiscal year 2008/09
(Year ending Jan. 31, 2009)
  CRJ Series 22 47
  Q400 16 67
  CSeries 50 0
Commercial aircraft 88 114
     
Business aircraft (85) 251
(including those in the fractional ownership program**)    
Amphibious Aircraft 8 2
     
Grand total 11 367

** An aircraft order is included in the above table when the equivalent of 100 per cent of the fractional shares of an aircraft model have been sold to external customers.

Note:

All fiscal year 2009/10 delivery and order numbers are unaudited.

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