Bombardier Posts Record 370 Aircraft Deliveries.
MONTREAL--(BUSINESS WIRE)--Feb. 26, 2001
Bombardier (TSE:BBD.A.)(TSE:BBD.B.) announced today a new record of 370 aircraft deliveries for its fiscal year ended Jan. 31, 2001 as compared to 292 in the previous year.
This year-to-year increase of 27% is well over the target set by Bombardier Aerospace at the beginning of the year of a 20% increase or 350 aircraft deliveries for fiscal 2000-2001.
This increase is mainly attributable to the regional aircraft segment with 157 aircraft deliveries compared to 104 for the same period last year. Deliveries of the CRJ* Series 100 and 200 reached 103 compared to 81 during 1999-2000. In addition, two of the new 70-seat CRJ Series 700 aircraft were delivered before the end of the fiscal year. Deliveries of turboprops reached 52 compared with 23, as follows: seven Series Q100 and 200 compared to 16, 17 Series Q300 compared to six and 28 Series Q400 compared to one.
In the business aircraft segment, 203 units were delivered compared to 183 for the same period last year. Deliveries of business aircraft were as follows: 36 Global Express* compared to 34, 38 Challenger* 604 compared to 40, 36 Learjet* 60 compared to 29, 67 Learjet 45 compared to 55 and 26 Learjet 31A compared to 25.
Furthermore, ten Canadair 415* amphibious aircraft were delivered during fiscal year 2000-2001 compared to five the previous year.
Bombardier Aerospace ended the year with a solid backlog totalling 574 regional aircraft on firm order as opposed to 435 at Jan. 31, 2000. This backlog is comprised of the following: 326 CRJ100/200, 173 CRJ700, 10 CRJ900, four Q100/200, 28 Q300 and 33 Q400.
For fiscal year 2001-2002, Bombardier Aerospace has set a target to increase deliveries by approximately 15% primarily based on the continued ramping-up of production for the 50-seat CRJ and on the first full-year of deliveries for the new 70-seat CRJ700.
Bombardier's financial results for the year ended Jan. 31, 2001 will be released on Mar. 15, 2001. The Corporation remains comfortable with the First Call analysts' consensus earnings estimate of $0.69 per share for the year just ended.
Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada.
* Trademarks of Bombardier Inc.
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|Date:||Feb 26, 2001|
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