Bombardier, At Air Show, Sees Healthy Demand For Business Jets

Le Bourget, France: Tighter airport security and healthy corporate profits worldwide are driving demand for Bombardier's "flying boardrooms," Pierre Cote, head of Bombardier's business jet division, said in a Monday interview.
"We've seen an increase in demand since 9/11," said Cote, speaking on the sidelines of the international air show that runs on the outskirts of Paris through this week. He said that entrepreneurs in China, Russia and India are also waking up to the additional comfort and productivity that private jets can deliver.
Bombardier, which has long dominated the market for executive jets, has easily captured that increased demand via its range of aircraft, from the very light Lear Jets to the large, long-range Global family of aircraft.
Although Cote was mum on whether the Canadian jet maker has a new platform in the works, saying only that development is "very expensive and risky," he was keen in the interview with MarketWatch to emphasize the improvements Bombardier has made to the existing Lear Jet, Challenger and Global families.
While Bombardier is enjoying a strong backlog, it's concerned about the stress the current peak in the aviation cycle is putting on suppliers.
New entrants are another element of concern for the more established players.
18/06/07 CNNMoney.com

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Categories: Airshow Paris 2007, Foreign Jun 2007