Bombardier cuts aircraft industry sales forecast

Bombardier has decreased its 20-year industry forecast for deliveries of small- and medium-size commercial aircraft due the global economic slowdown that has tempered the aerospace recovery.

The world's third-largest aircraft manufacturer expects deliveries in the 20- to 149-seat category will fall by 2.3 per cent to 12,800 planes, worth $630 billion US.

The main driver behind the decrease of 300 units is reduced growth in global gross domestic product, Bombardier said.

The Quebec-based manufacturer said more than 70 per cent of the demand in the next two decades is expected to come in the 100- to 149-seat category, which includes Bombardier's CSeries.

Deliveries of those aircraft are expected to be worth $449 billion between 2012 to 2031, with demand increasingly shifting to emerging markets.

Read Full Article from CBC.ca

- Posted: 2012-06-19 13:36:53

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