Bombardier Benefiting from Strong Demand for Business Jets -- Market Talk

Dow Jones09-26

0810 ET - Bombardier is managing through some remaining snags in the supply chain, but demand for business jets is going strong. In an RBC report, James McGarragle says the supply chain is still an issue for the business jet manufacturer, but Bombardier is managing these challenges effectively, putting it on track to reach its 2025 targets. This is equally due to a healthy demand environment, McGarragle says, where he sees business jet supply is still not keeping up with recent increases in global wealth creation, "and therefore represents upside in our view to BBD's long-term production rate guidance," of 150 jets a year. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

September 26, 2024 08:10 ET (12:10 GMT)

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