![]() The global business jet market is expected to grow to US$23.7 billion by 2028 from US$18.4 billion last year, according to a new report from market research firm IMARC Group. "Especially with the banking system issue that came up in the past two weeks, of course you can understand that some people would say, 'OK, I’ll wait a couple weeks more.'" the fundamentals remain very, very strong," he said.Ĭancellations for jet orders are few, though recently there's been some hesitation, Martel added. "Yes, there’s a bit of turbulence short term, but in the long term. ![]() "There is some added volatility and uncertainty in the markets today," Martel told analysts during a question period at the company's virtual investor day. ![]() It also raised its objective for free cash flow to over US$900 million - up from more than US$500 million - a key tool for knocking down its sizable debt pile.īombardier aims to make 138 jets this year and 150 in 2025, up from 123 private planes last year.ĭespite uncertain economic conditions, chief executive Éric Martel expressed confidence the Montreal-based company's strategy is "on track or ahead of plan." ![]() dollars, said Thursday it is now aiming for more than US$9 billion in revenue for 2025, up from about US$7.5 billion. has upped its financial targets for 2025, as the plane maker looks to boost production of business jets amid a growing market.īombardier, which keeps its books in U.S. ![]()
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