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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (64197)	9/25/2019 9:14:04 AM
From: Goose94	Read Replies (1) of 203026

Bombardier (BBD.B-T) has won Canadian regulatory approval for two new large-cabin business jets and expects to start deliveries of the luxury planes by the end of the year amid signs of an industry-wide downturn. Transport Canada certified Bombardier's new Global 5500 and Global 6500 aircraft after flight testing, the company said in a statement Tuesday. Certification by the the European Safety Agency and U.S. Federal Aviation Administration should follow shortly, the company added. At an industry event in Geneva in May last year, Bombardier revealed that it had been developing the two new Global planes. The company had been secretly testing the jets, which are upgraded versions of existing models, for months at its Wichita, Kan., plant. Analysts consider them a competitive response to Gulfstream's 500/600 aircraft. Manufacturers are hoping new products will help shore up demand. "Wherever there's a new product, there seems to be demand," said Rolland Vincent at Jetnet IQ. He said that while this year and next should be okay, "There's a fairly significant slowdown that's already occurring. It's already becoming apparent."

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