Bombardier
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It has been almost a month since we last saw Ross Mitchell in Mirabel. There have been some big changes at the company since that visit. On the sidelines of the 17th Global Airfinance Conference in Dublin we caught up with Mr Mitchell and got to talk about Bombardier in terms of how the year ended and what 2015 is starting to look like.
[UPDATED] Yesterday Bombardier Commercial Aircraft announced that their SVP Sales, Marketing and Asset Management had left the company for “personal reasons”. Mr. Jones was a ten year veteran at Bombardier and took over his former position in December 2013. He was well known for bringing Bombardier’s business jets into the Russian market.
This departure of another senior executive from Bombardier no doubt has some wondering what is happening. Mr. Jones’ departure was preceded by that of his predecessor Chet Fuller. Recently the company laid off many senior people in a major reshuffle.
Vendors and customers are probably having some anxiety over another senior management changes, particularly in marketing. Is this concern valid?
The short answer is yes. Given the delays in the CSeries and the follow on negative press, Bombardier management looks less than stable. But before ascribing too much to this news… Continue reading
GE Capital Aviation Services (GECAS) signed a firm order for five Bombardier Q400 NextGen plus ten options on December 31. The list price of the firm order is $160m, or $448m with options.
“We have seen a growing demand for turboprop aircraft worldwide and the Q400 NextGen aircraft is ideally positioned to meet the needs of regional airlines now and in the future. Our customers value the performance, operating efficiency, and flexibility that this aircraft provides,” GECAS president and CEO Norman Liu is quoted as saying in the PR.
Bombardier announced that a customer, which requested to remain unidentified at this time, has signed a firm order for 24 CRJ900 NextGen regional jets. Based on the list price for the CRJ900 NextGen aircraft, the firm order is valued at approximately $1.14bn.
The CRJ has seen its fuel burn improved 5.5% and remains the lowest weight aircraft in its class. While the CRJ1000 has proven popular outside the USA, the CRJ900 has proven popular within the US market because it falls easily inside the scope clause restriction for regional carriers.
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