Bombardier remains on target with robust first quarter results

Bombardier has posted a strong start to 2023 with the release of its first quarter financial report. 

Along with positive overall trends such as a 17 per cent year-over-year increase in revenues, continued debt reduction, and a healthy order backlog, Bombardier is also showing strong performance in delivering a wide range of aftermarket services improvements. 

The services portfolio is one of three key areas the company considers foundational to its future success – the other two being continued product leadership and expansion in defense services. 

Bombardier continues to refine its aftermarket services delivery in 2023, with several important milestones achieved to date. These include attaining regulatory approvals for the Smart Link Plus connected aircraft system and continued positive growth in the Certified Pre-Owned (CPO) aircraft program – an industry first offering that has created a completely new, premium category in the pre-owned business jet market.  

The company also continues to transform its digital services delivery with an emphasis on predictive and proactive products that will elevate flight safety and operational efficiency while also reducing risk. 

Read the press release on Bombardier’s Q1 financials here.