4°c Clear
17°c Sunny
The Canadian Press - ONLINE EDITION
Bombardier remained top business jet maker in 2012 despite lower deliveries
MONTREAL - Bombardier retained its position as the world's largest business jet manufacturer in 2012 despite an 11 per cent drop in the value of its global deliveries in the fourth quarter, an industry association reported Tuesday.
The Montreal-based aerospace company delivered 179 business aircraft valued at US$5.8 billion last year, compared to 182 valued at nearly US$5.9 billion in 2011, said the General Aviation Manufacturers Association.
Overall, industry shipments of business jets decreased by 3.4 per cent to 672 units in 2012. Total airplane shipments, including single piston and turboprops grew 0.6 per cent to 2,133 units. However, the value of the planes decreased slightly to US$18.9 billion.
"While the 2012 shipment and billing data were mixed, the numbers don't reflect the amount of development work in progress in general aviation," stated GAMA chairman Brad Mottier.
"The general aviation segment is poised for resurgence in the next few years as these new technologies certify and enter the market."
The number of Bombardier (TSX:BBD.B) business jet deliveries decreased by seven to 60 in the fourth quarter with a value of US$1.9 billion, down from US$2.14 billion a year earlier.
Rival Gulfstream remained the world's second-largest producer of business jets, delivering 37 units worth US$1.3 billion in the quarter and 94 units valued at nearly $4.1 billion for the year. The U.S.-based company bested its Canadian rival in the first quarter in terms of value of planes delivered, even though it shipped fewer aircraft.
Bombardier delivered fewer Challenger 605 planes in the quarter and full year, but its shipments of Challenger 300s increased by 30 per cent to 48 for the year.
North America was once again the leading destination for business jets, but it accounted for slightly less than half of all global deliveries last year. Europe accounted for 20.8 per cent, followed by Asia-Pacific (11.8 per cent), Latin America (11.6 per cent), and Middle East & Africa (6.1 per cent).
The helicopter segment delivered 1,044 aircraft valued at US$3.4 billion in 2012, about a 21 per cent increase from 859 units valued at US$3.8 billion in 2011.
On the Toronto Stock Exchange, Bombardier's shares gained four cents at C$4.13 in midday trading.
More FP News Features
- Back to Top
- Return to FP News Features
More FP News Features
(1 of 50 articles for this year)
Small Florida city wonders who hit historic $590.5M Powerball lottery jackpot
05/19/2013 2:45 PM 0
Poll
Most Popular FP News Features
- Chalk it up: Coloring hair streaks with craft-store pastels is the latest beauty trend
- High-end Premium Outlets to open north of Montreal to help attract tourists
- Patrick Duffy says Victoria Principal has 'no desire' to join modern 'Dallas'
- Michelle Obama goes for Election Night dress by Michael Kors
- Parents get belly tattoos to support son on insulin pump for Type 1 diabetes
- John Boyne tells gay First World War love story in 'The Absolutist'
- Fibonacci number sequence turns up throughout plant world, and art world too
- Swedish monarchy under siege as king defends himself in strip club scandal
- From daredevil to almost mainstream in 6 years: Face transplants allow return to normal life
- Water polo player Nathan Kotylak suspended two years for role in Cup riot
- High-end Premium Outlets to open north of Montreal to help attract tourists
- CTV newsman Craig Oliver's memoir is a moving tale of a fascinating life
- Chalk it up: Coloring hair streaks with craft-store pastels is the latest beauty trend
- Patrick Duffy says Victoria Principal has 'no desire' to join modern 'Dallas'
- Parents get belly tattoos to support son on insulin pump for Type 1 diabetes
- Michelle Obama goes for Election Night dress by Michael Kors
- Pakistani actress sues Indian magazine over 'doctored' nude photos
- 'SimCity' educational? Ontario Grade 3s learn social studies with iPad game
- Loved ones gather to pay tribute to acclaimed Celtic singer Raylene Rankin
- Toronto comic Darrin Rose says he's mistaken for Jason Sudeikis 'all the time'
- George Jones, country superstar, has died at 81
- Chalk it up: Coloring hair streaks with craft-store pastels is the latest beauty trend
- High-end Premium Outlets to open north of Montreal to help attract tourists
- CTV newsman Craig Oliver's memoir is a moving tale of a fascinating life
- Patrick Duffy says Victoria Principal has 'no desire' to join modern 'Dallas'
- Parents get belly tattoos to support son on insulin pump for Type 1 diabetes
- Michelle Obama goes for Election Night dress by Michael Kors
- 'Sons of Anarchy' star so convincing he's sometimes approached by actual bikers
- Pakistani actress sues Indian magazine over 'doctored' nude photos
- Toronto comic Darrin Rose says he's mistaken for Jason Sudeikis 'all the time'
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.