Bombardier Aerospace Delivers 302 Aircraft in Fiscal Year 2009/10

-- Business aircraft: 176 deliveries; 85 negative net orders
-- Commercial aircraft: 121 deliveries; 88 net orders
-- Amphibious aircraft: 5 deliveries; 8 net orders

(Montreal, February 5, 2010) -- Bombardier Aerospace announced today that it delivered 302 aircraft for the fiscal year ending January 31, 2010, compared to 349 aircraft deliveries in the previous fiscal year 2008/09 (year ending January 31, 2009). It received 11 aircraft orders, net of cancellations, compared to 367 orders, net of cancellations, for the previous fiscal year. With the aviation industry continuing to struggle in the current difficult economic environment, Bombardier Aerospace's performance was solid.

"The global economic crisis which began in 2008 continued to impact the civil aviation industry throughout 2009 as conditions remained challenging," said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. "While indicators of market stabilization have started to emerge, we remain cautious as economic uncertainty still prevails. We have taken significant steps to strengthen our operations and continue to invest significantly in future programs. We strongly believe that through flawless execution and by creating a loyal customer base for our products and services, we will emerge from this crisis a stronger and more efficient company," he added.

Business Aircraft

In fiscal year 2009/10, Bombardier delivered 176 business jets, compared to 235 for the same period last fiscal year, in line with the 25 per cent decrease in business aircraft delivery guidance provided in 2009.

Business aircraft deliveries for the current fiscal year 2010/11 are expected to be approximately 15 per cent less than fiscal year 2009/10.

Commercial Aircraft

In fiscal year 2009/10, Bombardier delivered 121 commercial aircraft, compared to 110 for the previous fiscal year. This is in line with the 10 per cent increase in commercial aircraft delivery guidance provided last year.

Bombardier expects that most of the deliveries of its commercial aircraft will take place in the last three quarters of the current fiscal year 2010/11 as a result of the production rate reductions announced in 2009 and the delay in the certification and entry into service of the CRJ1000 aircraft to the second half of fiscal year 2011. Compared to the previous fiscal year, the Corporation expects to deliver approximately 20 per cent fewer commercial aircraft in fiscal year 2010/11.

Tables at the end of this press release provide delivery totals and net order totals for business, commercial and amphibious aircraft for the previous fiscal year 2009/10.

Note:
All fiscal year 2009/10 delivery and order numbers are unaudited.

Source : Bombadier Aerospace - click here for more information