Bombardier鈥檚 shift to business jets coincided with sustained increase in demand
Bombardier is all in on business jets, and that seems to be a good thing. The Montreal-headquartered aerospace company sold off its commercial aviation business to focus on building the business jets that serve the travel needs of the ultra-wealthy, and the pandemic has given that choice a boost. Demand for private jets soared as COVID-19 restrictions were enacted, and it has not yet come back to earth. For every business jet that Bombardier ships, it鈥檚 receiving 2.5 new orders. While some might long for the days that the company was manufacturing commercial aircraft, Prof. Karl Moore told La Presse that its pivot to private aviation was probably for the best, given the company鈥檚 heavy debt load.
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