Feb 9 (Reuters) – Canada’s Bombardier Inc (BBDb.TO) on Thursday forecast higher business jet deliveries for 2023, after strong demand for private flying drove its quarterly results above expectations despite persistent supply-chain snags. It expects full-year deliveries of more than 138 jets, compared with 123 last year. Backlogs of corporate jet makers have swelled over the last two years as demand for private flying shows little signs of cooling down, even against the fading threat of COVID infections on commercial flights. Cessna jet maker Textron Inc (TXT.N) had also offered a strong 2023 forecast last month. "The bizjet and luxury goods markets are off to a resilient start in 2023, demonstrating that high net worth individuals are still spending," Desjardins analysts said in a note earlier this week. Aerospace executives have also said that labor and parts shortages that left jet makers struggling to fulfill demand last year are set to ease in 2023. Bombardier’s backlog at 2022-end was $14.8 billion, a $2.6 billion increase. Book-to-bill, or ratio of orders received to units shipped and billed for the period, was 1.4. It forecast 2023 revenue of more than $7.6 billion, compared with estimates of $7.69 billion, according to Refinitiv […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
