Bombardier predicts “gradual recovery” in business jet deliveries in 2021

posted on 4th March 2021 by Eddie Saunders
Bombardier predicts “gradual recovery” in business jet deliveries in 2021

It added it is in a strong financial position thanks to past investments and is predicting strong earnings growth over the next five years as well as turning free-cash-flow positive next year before generating more than $500 million in 2025 with total revenues of $7.5 billion.

However, it added the predictions are dependent on the continued successful roll-out of COVID-19 vaccines, leading to a gradual lifting of international border restrictions and a continued economic recovery.

Bombardier also described this outlook as “conservative”, adding it “does not include the potential positive impact from the surge of new customers to private air travel following the onset of the global pandemic”.