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...While light-sized aircraft such as Bombardier’s LearJet brand and to a lesser extent its medium-sized Challenger family of aircraft are more exposed to a slowdown, the company has steadily geared itself...
...The company is integrating its manufacturing operations in Montreal, Mexico and a recently acquired site in Texas into a single aviation unit that will oversee the Global, Challenger, Learjet and CRJ brands...
...The Belfast operation comprises a number of sites that design and manufacture large components for some of Bombardier’s business jets, including parts of the fuselage for its range of Learjet, Challenger...
...The company last year scrapped its only outstanding development of a smaller business jet — the Learjet 85 — although some observers believe the challenges of producing that innovative aircraft might have...
...Gulfstream and others have taken market share, while Bombardier has had to reduce capital spending on its Learjet programme and cut back production on its Global 5000/6000 lines....
...Excluding the effect of the 64 cancelled orders for the Learjet 85, Bombardier took in 32 business jet orders in the June to September quarter, up from 21 in last year’s third period....
...It was Hawker Beechcraft’s misfortune to have been operating in a more competitive field, which included the jet business of industry pioneer Cessna, Bombardier’s mid-size Learjet aircraft and Brazil’s Embraer...
...However, it incurred a $4.66bn net loss for the period, because of write-offs related to the C Series and the cancellation of its planned Learjet 85 small business jet....
...We have Bombardier Challenger 350s and Learjet 75s coming, as well as Embraer Legacy 450s and 500s. Our customers are really excited by the new, more capable, efficient aircraft in each category.”...
...On May 14, however, Canada’s Bombardier, which in January had stopped work on its new Learjet 85 corporate jet, made it clear Ms Novakovic’s optimism was not universally shared....
...The company also recorded a $1.2bn write-off for the final cancellation of its Learjet 85 business jet programme, which has been on hold since January....
...It was forced in January to postpone development of its Learjet 85, a smaller business jet, as it sought to conserve cash....
...The first Learjet came on to the market in the early 1960s. More than 50 years later, can the private jet maintain its mystique? Falling prices are a risk....
...Bombardier announced in a profit warning in January that it was halting development work on a smaller business jet, the Learjet 85....
...In January, it put development of a new, smaller jet — the Learjet 85 — on hold, citing poor market conditions....
...In January, the company was forced to announce that it was shelving development of the Learjet 85, a midsize corporate jet....
...It also said it was “pausing” development of its Learjet 85 business aircraft because of weak demand....
...The deterioration came after the company booked $1.36bn of special charges because of the halting of its Learjet 85 business jet programme. Revenue rose 12 per cent to $5.96bn....
...It halted development of its Learjet 85 smaller business jet and raised $868m in new equity. It also announced plans for an IPO of its train making business....
...There is steady demand for Embraer’s Phenom 300, the Cessna Citation 3 and 4 and the Bombardier Learjet 75....
...The company announced this month it was “pausing” development of its Learjet 85 midsize business jet, although Bombardier is pressing ahead with two large, long-range corporate aircraft, the Global 7000...
...Product development costs, which relate to the C Series, the Learjet 85 and the Global 7000 and 8000 business jets, rose 27 per cent to $451m....
...Thanks to an investment of more than $450m since 2005, it is producing fuselages for its Global Express aircraft as well as components and composite structures for its Learjet 85....
...The P180 Avanti II, made by Genoa-based Piaggio Aero, is the development of an aircraft designed in the early 1980s, initially in collaboration with Learjet of the US....
...Meanwhile Learjet’s share fell from 9.7 per cent in 2007 to 8 per cent in 2010....
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