Bombardier cuts Global production as demand falls
Bombardier will adjust production rates for its Global family of business jets in 2016 as the company is seeing a slow-down in order intake, especially from emerging economies.
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Speaking during the company’s first quarter investor relations call, new president and ceo Alain Bellamare said that although orders are still healthy for the LearJet and Challenger lines, they are seeing a slow-down in demand for Global 5000 and Global 6000 from China, Latin America and Russia.
“The market has seen some softness in certain regions… and this has resulted in a lower order intake”
“The market has seen some softness in certain regions; especially in Latin America, China and Russia; and this has resulted in a lower order intake” said Alain Bellemare, president and CEO of Bombardier. “So accordingly, we’re planning to adjust our production rates in line with demand and the team is currently assessing the resulting impact on the workforce.”
“What we’re seeing right now is we’re seeing that our Challenger line is still pretty strong, especially the 350 is going extremely well and the 600 family is pretty consistent and we’re seeing softness on the Global side, the 5000/6000 and that’s where the adjustment will be made.”
“We have a very strong order book right now on the 7000/8000. The program is progressing well and the first aircraft is currently being assembled.”