MONTREAL – Canadian business jet manufacturer Bombardier (BBDb.TO) reported an 11% increase in third-quarter revenue, fueled by stronger demand for aftermarket services and the delivery of more aircraft than the same period last year. The results underscore the growing appetite for private aviation as both individuals and corporations seek premium air travel options.

Revenue Growth Driven by Services and Deliveries

Bombardier’s revenue for the quarter reached $2.31 billion, compared to $2.07 billion in the prior year. The company delivered 34 aircraft during the quarter, up from 30 in the same period last year, while services revenue climbed 12%, reflecting robust demand for aircraft parts, maintenance, and repair services.

CEO Eric Martel highlighted that the company’s service network remains fully booked and is expanding in the Middle East and the United States, signaling strong ongoing demand for premium business jet support.

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Global 8000 Jet Awaits Regulatory Approval

Bombardier is awaiting approval from U.S. and European regulators for its flagship Global 8000 business jet, which was recently certified by Canada’s transport authority. Priced at $83 million, the Global 8000 is projected to be the fastest civilian plane since the Concorde and will compete directly with Gulfstream Aerospace jets.

The approval of the Global 8000 is expected to further boost Bombardier’s sales and reinforce its position in the competitive luxury business jet market.

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Strong Financial Performance

On an adjusted basis, Bombardier earned $1.21 per share for the quarter ending September 30, up from $0.74 per share a year earlier. This strong performance is underpinned by a combination of increased aircraft deliveries, growing aftermarket service revenues, and strategic expansion in key international markets.

Despite ongoing trade tensions between Canada and the United States, Bombardier has successfully exported planes under the USMCA trade agreement, ensuring smooth access to the world’s largest market for business jets.

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Outlook for the Year

Bombardier reaffirmed its broader target of delivering more than 150 aircraft to customers in 2025. Sustained demand for private aviation, particularly in North America and the Middle East, is expected to continue driving both aircraft sales and service revenues.

The company’s investment in expanding its aftermarket care service in the United States is also expected to enhance customer satisfaction and secure recurring revenue streams, positioning Bombardier for continued growth in the coming quarters.

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Key Takeaways for Investors

• Revenue Growth: Bombardier’s 11% rise in revenue reflects strong demand for both aircraft and services.
• Aircraft Deliveries: Delivery of 34 planes in Q3 demonstrates operational efficiency and expanding production capacity.
• Global 8000 Jet Launch: Awaiting U.S. and EU regulatory approval, the flagship jet will compete with Gulfstream in the ultra-luxury segment.
• Services Expansion: Aftermarket services continue to be a major growth driver, especially in North America and the Middle East.
• Financial Strength: Adjusted earnings per share increased significantly, signaling profitability and market confidence.