Top

Shrinking Demand for Private Jets Adds to Bombardier’s Challenges

Bombardier Inc. cautioned that private-aircraft prices will remain under pressure as it posted a wider-than-expected loss, adding to Chief Executive Officer Alain Bellemare’s burdens as he tries to turn around Canada’s largest aerospace company.

“The business-jet market will stay soft for a while,” Bellemare said in an interview Friday. “There will come a time where it will start to get better. We just don’t know when.”

Shrinking demand for corporate planes–typically Bombardier’s most profitable business–is weighing on Bellemare as he works to increase profit and cash flow.

Read More on Industry Week