Bombardier is flying high thanks to the private jet boom

Bombardier is flying high thanks to the private jet boom

The demand for private jets continues unabated.
Image: colourbox.de

Increased demand for business aircraft also boosted Canadian aircraft manufacturer Bombardier in the third quarter. Sales jumped by 28 percent to $1.86 billion (1.8 billion euros) and adjusted operating profit (Ebitda) rose by 36 percent to $285 million, the company announced on Thursday. Earnings per share reached 73 (previous year: minus 10) cents, exceeding estimates of 46 cents.

Demand for business jets has remained strong since the industry boomed during the pandemic. Back then, wealthy people ordered private planes to avoid getting infected in the crowd.

Also read:

  • Where Austrian private jets prefer to land
  • “Luxury emissions”: Many more flights with private jets than before Corona
  • Greenpeace calls for an end to 227 private aircraft in Austria
  • Change of course: Amsterdam Airport Schiphol stops private jets and night flights

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