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Bombardier (TSX:BBD) marks delivery milestone with 50th delivery of Global 7500 aircraft

Aviation
TSX:BBD.A
29 March 2021 10:00 (EDT)

Bombardier has completed its 50th delivery of the Global 7500 business jet, the first business jet to have an Environmental Product Declaration.

The delivery milestone was reached just three years after the aircraft entered into service in 2018. Since 2018, the Global 7500 business jet has demonstrated an outstanding dispatch reliability rate of 99.7% in-service and has proven to be the highest-performing aircraft in the industry by completing various key speed records and challenging flights.

Éric Martel, President and CEO of Bombardier, commented on the milestone,

“As we mark this delivery milestone, I want to recognize and thank the many talented employees who supported the development and launch of this aircraft, as well as those currently working on the program and supporting our customers in the field.

“It provides an unmatched combination of speed, range, comfort and reliability, making it both the industry flagship and a key driver of our growth strategy,” he said of the Global 7500 aircraft.

The aircraft’s leading-edge wing design offers steep approach capability and short-field performance while redefining flight comfort and wellness in business aviation.

The Global 7500 aircraft is also the first business jet to have an Environmental Product Declaration (EPD), which provides detailed information about the aircraft’s life cycle environmental footprint.

The addition of the Environmental Product Declaration reflects Bombardier’s commitment to its overarching environmental sustainability strategy.

Bombardier delivered 35 of the aircraft in 2020, including a record 16 deliveries in Q4.

The company continues to receive strong interest for the Global 7500 business jet and order activity is robust worldwide.

Bombardier is a global leader in aviation and is present in more than 12 countries worldwide.

Bombardier (BBD) is up 0.98 per cent and is currently trading at C$1.03 per share as of 9:30 am ET.

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