Nov 6 (Reuters) - Canadian business jet maker Bombardier
on Thursday reported an 11% rise in third-quarter
revenue, helped by increased demand in its aftermarket services
business and the delivery of four more planes than a year ago.
Sustained demand for private flying is swelling the business
jet makers' order books for new planes, while simultaneously
driving sales of aircraft parts and repair services. Earlier
this year, Bombardier said it would expand aftermarket care
service in the United States to drive higher revenues and meet
higher customer demand.
Montreal-based Bombardier is waiting for U.S. and European
regulators to validate the company's flagship Global 8000
business jet, which was certified by Canada's transport
regulator on Wednesday.
The plane, which lists for $83 million and is expected to be
the fastest civilian plane since the Concorde, would compete
with General Dynamics' ( GD ) Gulfstream Aerospace when it
enters service this year.
Bombardier delivered 34 aircraft during the reported
quarter, compared with 30 aircraft a year ago and reiterated a
broader target of handing over above 150 planes to customers
this year.
The planemaker posted quarterly revenue of $2.31 billion,
compared with $2.07 billion a year ago, helped by a 12% rise in
services revenue.
"Our service network is consistently full and expanding in
the Middle East and the U.S.," CEO Eric Martel said in a
statement.
On an adjusted basis, Bombardier earned $1.21 per share in
for the quarter ended September 30, up from 74 cents a share a
year earlier.
Despite trade tensions between Canada and the United States,
the world's largest market for business jets, Bombardier has
been able to export its planes south of the border as they
comply with the USMCA trade agreement.