Europe orders 110 Lear 60XR's
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Europe orders 110 Lear 60XR's
Bombardier Gets European Order for Up to 110 Learjets Bombardier Gets European Order for Up to 110 Learjets
By Hugo Miller
June 20 (Bloomberg) -- Bombardier Inc. said it received an order for as many as 110 Learjet 60 XR business aircraft worth $1.5 billion from an undisclosed European customer.
The buyer has placed a firm order for 25 jets valued at $340 million and has an option for another 85, Montreal-based Bombardier said in a statement today. Delivery of the aircraft is scheduled to begin next year.
The order will further boost Bombardier's shipments to Europe as a slowdown in the U.S. economy weakens demand in the world's largest business-jet market.
While the U.S. still has about six times as many Bombardier jets in use than Europe, about 70 percent of new orders come from outside the U.S. Europe, including Russia, accounts for almost half of that demand.
The company delivered 47 business aircraft to Europe and Russia last year and 49 in 2006, almost double the 27 sent in 2005, spokeswoman Danielle Boudreau said. Bombardier made 114 deliveries to U.S. clients last year, up from 94 in 2006 and 98 in 2005.
The Learjet 60 XR, introduced last year, seats up to eight passengers and has a range of 2,370 miles (3,814 kilometers).
Bombardier rose 17 cents, or 2.3 percent, to C$7.64 at 10:19 a.m. in Toronto Stock Exchange trading.
By Hugo Miller
June 20 (Bloomberg) -- Bombardier Inc. said it received an order for as many as 110 Learjet 60 XR business aircraft worth $1.5 billion from an undisclosed European customer.
The buyer has placed a firm order for 25 jets valued at $340 million and has an option for another 85, Montreal-based Bombardier said in a statement today. Delivery of the aircraft is scheduled to begin next year.
The order will further boost Bombardier's shipments to Europe as a slowdown in the U.S. economy weakens demand in the world's largest business-jet market.
While the U.S. still has about six times as many Bombardier jets in use than Europe, about 70 percent of new orders come from outside the U.S. Europe, including Russia, accounts for almost half of that demand.
The company delivered 47 business aircraft to Europe and Russia last year and 49 in 2006, almost double the 27 sent in 2005, spokeswoman Danielle Boudreau said. Bombardier made 114 deliveries to U.S. clients last year, up from 94 in 2006 and 98 in 2005.
The Learjet 60 XR, introduced last year, seats up to eight passengers and has a range of 2,370 miles (3,814 kilometers).
Bombardier rose 17 cents, or 2.3 percent, to C$7.64 at 10:19 a.m. in Toronto Stock Exchange trading.
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why order one of the aircrafts with highest DOC and who already is an old aircraft? I donīt see the point, the old 60 is much better than the new one, even for pax comfort.
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When launching or speculating on an airrame; you do not buy the best product always, in today's market, you 'buy' what is available. 60XR, is not a bad aircraft, but this is not the point. Aviation is not about planes or pilots or passengers; aviation is about cashflow and hedge funds. Anything that maximise the cash flow is good; whereas someone "buys" 500 aircrafts of Gulfstream announces 666 letters of intent for the G650, this is not aviation this is stock exchange.
What can you do best as a manufacturer to try to tease your local market ? Just hit the pride of the locals; lookk they bought so many pieces, what are you doing ? market is booming !! Analysts after a good dinner would say : Yeahh this is good, change the notation and whazzammm the stock rise !
Controversely, annouce a delay because the lower part of the tail plane actuator flutters at Vd+0.06 on a 3 G pull out and the same analysts would change the notation and the stock will plummet.
Examples ? Boeing rolled out the 787, painted but with no systems in it...but roll out on schedule; Airbus announced at early stage delays on the 380...orders cancellation. Dassault launched the 7X with partial functionnality, but never said one word to the operators about it...Neutral effect.
If finance people are happy about ordering 125 LR60XR, let them do it; follow through and count the number of aircrafts that are really going to be delivered.
What can you do best as a manufacturer to try to tease your local market ? Just hit the pride of the locals; lookk they bought so many pieces, what are you doing ? market is booming !! Analysts after a good dinner would say : Yeahh this is good, change the notation and whazzammm the stock rise !
Controversely, annouce a delay because the lower part of the tail plane actuator flutters at Vd+0.06 on a 3 G pull out and the same analysts would change the notation and the stock will plummet.
Examples ? Boeing rolled out the 787, painted but with no systems in it...but roll out on schedule; Airbus announced at early stage delays on the 380...orders cancellation. Dassault launched the 7X with partial functionnality, but never said one word to the operators about it...Neutral effect.
If finance people are happy about ordering 125 LR60XR, let them do it; follow through and count the number of aircrafts that are really going to be delivered.
