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Bombardier's Global 7500 Jet Soars to New Heights With its 150th Speed Record, Building on its Industry-Defining Record-Setting Performance
Globenewswire· 2025-10-02 11:25
With 150 city-pair speed records(1), the Global 7500 aircraft is most-decorated business aircraft type of all timeThe Global 7500 aircraft has reached more than 200 deliveries and over 280,000 flying hours, setting the stage for the company’s Global 8000(2), which is expected to enter into service later this year MONTRÉAL, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Bombardier today announced that its industry-defining Global 7500 business jet just notched a new performance milestone with its 150th speed record(1), ...
Bombardier Second Quarter Performance Places Corporation on Track for Full-Year Guidance while Backlog Grows Significantly
GlobeNewswire News Room· 2025-07-31 10:30
Core Insights - Bombardier Inc. reported strong financial results for Q2 2025, with a significant increase in orders and service revenues, positioning the company to meet its full-year guidance [2][3][4] Financial Performance - Total revenues for Q2 2025 reached $2.0 billion, reflecting an 8% decline year-over-year, while service revenues increased by 16% to $590 million [6][12] - Adjusted EBITDA was $297 million, down 11% from the previous year, while reported EBIT increased by 7% to $205 million [6][12] - Net income for the quarter was $193 million, compared to $19 million in Q2 2024, with diluted EPS rising to $1.87 from $0.12 [14][45] Order Backlog and Deliveries - The order backlog surged to $16.1 billion, a $1.9 billion increase from the previous quarter, marking the highest single-quarter business jet unit order volume in over a decade [9][10] - The company delivered 36 aircraft in Q2 2025, maintaining a consistent delivery pace year-over-year, with total first-half deliveries also at 59 aircraft [5][9] Service Expansion - Bombardier's services business reported impressive revenue growth, with plans for new maintenance and paint facilities in Abu Dhabi and the UK, respectively [4][10] - The service network is expanding to support a growing fleet, which includes the addition of 36 Challenger and Global aircraft in Q2 [4][5] Liquidity and Debt Management - Available liquidity stood at $1.2 billion, with cash and cash equivalents at $811 million as of June 30, 2025 [10][14] - The company successfully refinanced $500 million of Senior Notes due in 2027, extending the maturity to 2033, contributing to a credit rating upgrade from S&P Global Ratings to BB- [10][14]
Bombardier Delivers the First Challenger 3500 Business Jet in Costa Rica
GlobeNewswire News Room· 2025-07-25 11:30
Core Insights - Bombardier has delivered its first Challenger 3500 business jet in Costa Rica, marking a significant milestone in Central America [2][3] - The Challenger 3500 has established itself as a preferred choice in the super-midsize segment, known for its performance, comfort, and reliability [3][5] - The aircraft enables efficient connectivity between Central American capitals and major cities across the Americas, enhancing regional and long-range travel capabilities [3][5] Company Presence - Bombardier has been established in Costa Rica since 2015, employing over 100 people in finance and billing departments [4] - The company operates a fleet of more than 5,100 aircraft globally, supported by a vast network of team members and service facilities across six countries [7] Product Performance - The Challenger 3500 is recognized for its high reliability, modern cabin, and exceptional runway performance, contributing to its rapid acceptance in the market since its introduction in 2022 [3][5] - The aircraft builds on the success of the Challenger 300 family, which is the most delivered super-midsize jet globally [3] Industry Recognition - In 2024, Bombardier received the "Red Dot: Best of the Best" award for Brands and Communication Design, highlighting its commitment to quality and innovation [7] Sustainability Initiatives - Bombardier is committed to sustainability, with plans to cover all flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system [8]
Bombardier Delivers the First Challenger 3500 Business Jet in Costa Rica
Globenewswire· 2025-07-25 11:30
Core Insights - Bombardier has delivered its first Challenger 3500 business jet in Costa Rica, marking a significant milestone in Central America for the company [1][2] - The Challenger 3500 has established itself as a preferred choice in the super-midsize segment, known for its performance, comfort, and reliability [2][4] - The aircraft enables efficient connectivity between Central American capitals and major cities across the Americas, enhancing regional and long-range travel capabilities [2][4] Company Presence - Bombardier has been established in Costa Rica since 2015, employing over 100 people in finance and billing departments [3] - The company operates a fleet of more than 5,100 aircraft globally, supported by a vast network of team members and service facilities across six countries [6] Product Performance - The Challenger 3500 is recognized for its impressive range and speed, allowing seamless travel to destinations such as Los Angeles, New York, Santiago, and Buenos Aires from San José [2] - Since its introduction in 2022, the Challenger 3500 has quickly become a preferred choice, building on the success of the Challenger 300 family, which is the most delivered super-midsize jet globally [2][4] Industry Recognition - In 2024, Bombardier received the "Red Dot: Best of the Best" award for Brands and Communication Design, highlighting its commitment to quality and innovation in aviation [6]
Bombardier's Blazing Fast Global 7500 Jet Sets its 135th City-Pair Speed Record, the Most Ever Achieved by a Single Business Aircraft Type
GlobeNewswire News Room· 2025-07-11 10:30
Core Insights - Bombardier's Global 7500 business jet has set a record of 135 speed records, the highest for any single business aircraft type [1][9] - The Global 7500 has achieved significant milestones, including the longest flight in business aviation history at 8,225 nautical miles (15,232.7 km) from Sydney to Detroit [2][9] - The upcoming Global 8000 aircraft is expected to have a range of 8,000 nautical miles (14,816 km) and a top speed of Mach 0.94, enhancing Bombardier's offerings in the ultra-long-range category [4][9] Performance Attributes - The Global 7500 features a top speed of Mach 0.925 and a baseline range of 7,700 nautical miles (14,260 km), setting a new benchmark in its category [3][9] - The aircraft's Smooth Flĕx Wing design improves aerodynamic efficiency, reduces fuel burn, and enhances safety, contributing to its record-setting performance [3][9] - The Global 8000 is designed for impressive runway performance, allowing access to smaller airports that other aircraft in its category cannot reach [5] Customer Focus - Bombardier emphasizes understanding customer needs, providing reliable and efficient business tools for quick travel [3][6] - The company operates a fleet of over 5,100 aircraft, supported by a global network and multiple service facilities [8] Industry Recognition - The Global 7500 is recognized as the most decorated record-setting business jet, solidifying Bombardier's leadership in the ultra-long-range class [9]
Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation
Globenewswire· 2025-06-19 05:00
Group 1 - Bombardier has commenced deliveries of three Challenger 3500 aircraft to Aloula Aviation, marking the first registration of this aircraft in Saudi Arabia [2][4] - The Challenger 3500 is recognized for its spacious cabin, outstanding range, and reliability, making it a suitable addition to Aloula Aviation's fleet [2][3] - The business jet market in the Middle East is experiencing significant growth, particularly for super midsize aircraft, with the Challenger 3500 positioned as a market leader [3] Group 2 - The Challenger 3500 offers industry-leading reliability and performance, capable of non-stop flights from Saudi Arabia to major destinations like Paris, Geneva, and New Delhi [3][4] - Aloula Aviation's CEO emphasized the aircraft's innovation, comfort, and performance, aligning with their commitment to providing an exceptional travel experience [3] - Bombardier's commitment to excellence is reflected in its support for Aloula Aviation and the broader aviation market in Saudi Arabia as part of the Vision 2030 initiative [3]
Bombardier to Showcase its Top Performing Global 7500 and Challenger 3500 Business Jets at the Catarina Aviation Show in Brazil
Globenewswire· 2025-05-29 11:30
Core Viewpoint - Bombardier is showcasing its Global 7500 and Challenger 3500 aircraft at the Catarina Aviation Show in São Paulo, Brazil, emphasizing their exceptional performance and suitability for the Brazilian market [2][4][5]. Group 1: Aircraft Performance and Features - The Global 7500 offers remarkable runway performance and a range of 7,700 nautical miles (14,260 km), with a top speed of Mach 0.925, making it ideal for long-haul flights to major global destinations [3][5]. - The Challenger 3500 is recognized for its industry-leading performance, operational efficiency, and comfort, boasting a dispatch reliability of 99.8% [8]. - Both aircraft are designed to excel in hot and high runway conditions, allowing access to challenging airfields that competitors may not reach [6][8]. Group 2: Market Importance and Customer Support - The Brazilian market is crucial for Bombardier, and the company aims to meet the specific needs of customers in the region with its aircraft offerings [4]. - Bombardier provides a dedicated support network, including the Authorized Service Facility MAGA Aviation in São Paulo, which offers maintenance and parts for all Bombardier aircraft [4]. - The company operates a full-service Miami Opa-Locka Service Centre and has approximately 100 service locations worldwide to support its customers [4]. Group 3: Future Developments - Bombardier is developing the Global 8000, which will feature an industry-leading range of 8,000 nautical miles and a top speed of Mach 0.94, set to enter service in 2025 [7].
Textron Wins Order to Supply up to 12 Citation Jets in Mexico
ZACKS· 2025-05-23 15:56
Core Viewpoint - Textron Inc.'s Textron Aviation has signed an agreement with Aerolineas Ejecutivas to supply up to 12 Cessna Citation business jets, enhancing its presence in the Latin American business aviation market [1] Group 1: Company Developments - Textron Aviation is a leading player in the business aviation sector, known for its Cessna Citation series, which includes a diverse range of jets [2] - The recent order includes a mix of Citation CJ3 Gen2, CJ3 Gen3, and Citation Latitude jets, with deliveries scheduled for 2026 [1] - The Citation Latitude has been the most delivered midsize business jet globally for nine consecutive years, providing Textron with a competitive advantage [5] Group 2: Market Trends - The global business jet market is projected to grow at a CAGR of 3.8% from 2025 to 2030, driven by increasing air travel and a rise in high-net-worth individuals [4] - The growth in the business jet industry is expected to benefit Textron significantly, potentially leading to more orders and increased revenues [5] Group 3: Competitive Landscape - Other aerospace companies poised to benefit from the growing business jet market include Boeing, Airbus, and General Dynamics, each with their own competitive offerings and growth projections [6][7][8] - Boeing's long-term earnings growth rate is estimated at 17.9%, while Airbus and General Dynamics have rates of 4% and 10%, respectively [7][9] Group 4: Stock Performance - Textron's stock has increased by 8.2% over the past month, compared to the industry's growth of 10.8% [10]
First Production Aircraft of World’s Fastest Business Jet, the Bombardier Global 8000, Completes Flawless Inaugural Flight
Globenewswire· 2025-05-20 10:00
Core Viewpoint - Bombardier has successfully completed the inaugural flight of its first production Global 8000 aircraft, marking a significant milestone in the company's aviation program [2][3][4]. Group 1: Aircraft Performance and Features - The Global 8000 is the fastest civil aircraft since the Concorde, with a top speed of Mach 0.94 and a range of 8,000 nautical miles [5][6]. - The aircraft features an ultra-low cabin altitude of 2,900 feet, enhancing passenger comfort and productivity [5][8]. - It is designed to access smaller airports, providing operational flexibility compared to other aircraft in its category [7]. Group 2: Production and Development - The first production aircraft will undergo interior completions at Bombardier's Laurent Beaudoin Completion Centre in Montreal before its planned entry-into-service in the second half of 2025 [3][4]. - The Global 8000 program has exceeded expectations during flight testing, reflecting the high skill level of Bombardier's engineering and production teams [4][6]. Group 3: Market Position and Customer Appeal - The Global 8000 aims to redefine the business aviation landscape with its luxurious cabin and performance capabilities, appealing to discerning owners and operators [4][8]. - The aircraft is positioned as a transformational business jet, building on the success of the Global 7500, which has achieved over 250,000 flying hours and more than 200 deliveries since 2018 [4][5].