Bombardier Claims Recent Successes

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Posts Higher Q2 Airplane Deliveries ...

Amidst a struggling market, Bombardier Aerospace saw its airplane deliveries climb in the second quarter 2003, according to the Canadian airplane maker's recently released quarterly financial results. For the quarter, the company delivered 85 airplanes: 66 regional jets and 19 business jets. Bombardier Aerospace's revenues for the quarter were $2.8 billion, up slightly from $2.7 billion in the same quarter a year ago. Its backlog stood at $16 billion, down from $18.7 billion at the end of the first quarter.

In a conference call with reporters earlier this month, Paul Tellier, CEO of the manufacturer's parent company, Bombardier Inc., said he was pleased with the results Bombardier Aerospace and the company's other divisions turned in for the quarter. Tellier says despite a weak business jet market and major restructuring by the nation's airlines -- major customers of its regional jets -- he expects year-end airplane deliveries to remain at or near last year's total of 298.

... Holds Off On Additional Layoffs

Tellier also stated there is no current need to cut additional jobs within the company's divisions. Since 2001 the company has cut thousands of jobs, including in Wichita where it manufactures the Learjet 60 and assembles the Challenger 300, Learjet 40 and Learjet 45. Employment at Bombardier's Wichita plant has dropped from a summer 2001 high of 4,000 to about 2,200.