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Canada to impose a “luxury tax” on new personal aircraft

Canada has now formalized its intent to impose a “Luxury Tax” on new “personal aircraft” for new aircraft sold in the country.  The tax proposal was in Justin Trudeau’s Liberal government budget and could add tens of thousands of dollars in price to even the most...

Bombardier Announced the Delivery of the 50th Global 7500

Bombardier announced the delivery of the 50th Global 7500 today, following a successful production ramp-up in 2020. The company delivered 35 Global 7500s in 2020, including 16 in the fourth quarter, and expects continued growth in deliveries with the positive market...

Global 7500 Projected to Drive Bombardier’s Financial Turnaround

Bombardier provided forward-looking financial guidance to investors earlier today, and the company is planning a turnaround in its fiscal health by 2025.  Revenues are projected to grow from $5.6B in 2020 to $7.5B in 2025, with an EBITDA of $1.5B in 2025 versus $0.2B...

If James Bond had a Business Jet…

Bombardier and James Bond’s favorite automaker, Aston Martin, have announced a collaboration to create “the Ultimate Convergence in Performance and Style” with business aircraft interior design. The companies plan to offer custom design services for Bombardier’s...