Bombardier raises commercial jet forecast
Third largest aircraft maker predicts sustained growth for commercial jet business.
Montreal — Bombardier Inc. says things are looking up for its aerospace division.
The Montreal-based company’s latest 20-year forecast says it expects the industry as a whole will deliver 13,100 commercial aircraft in the 20- to 149-seat categories between this year and 2030.
That’s up 300 aircraft from the previous forecast.
Bombardier is the world’s third-largest aircraft maker after Boeing and Airbus. Its rivals dominate the market for larger commercial jets but Bombardier is the leader in smaller planes used by commercial airlines and business executives.
The company’s annual market forecast covers segments of the industry where it competes.
Bombardier estimates there will be a total of 24,000 business jets delivered by the industry from 2011 to 2030 — marking a return to sustained growth.
© 2011 The Canadian Press