RPT-Bombardier expects jet demand from emerging markets
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MUMBAI Nov 27 (Reuters) - Bombardier (BBDb.TO), the world's third-largest maker of civil aircraft, expects greater demand for its business jets from markets such as Russia, China and India, a senior company official said on Tuesday.
The overall market for business jets was strong, with steady growth in western Europe, said Murray Sutherland, a regional marketing executive for business aircraft at Bombardier.
"And we are seeing a significant rise in orders from eastern Europe, Russia and South Africa, besides China and India," he said at a news conference to launch the Challenger 605 jet.
The Canadian firm gets about 60 percent of its revenue from international markets outside the United States.
Bombardier, also the world's top train maker, has an engineering centre in Hyderabad in southern India, and is also looking at mass transit projects and sourcing components.
Bombardier's aerospace unit, which manufactures Learjets, CRJ regional jets that seat up to 145 passengers, and turboprop aircraft, has not yet seen demand hurt by a credit crunch in financial markets or record oil prices, Sutherland said.
"The business is so international it makes us fairly immune to problems that are specific to some countries," he said.
"But it would be foolish of us to disregard high oil prices or a possible downturn in the U.S. economy."
Bombardier received a net 186 orders in the first half of its fiscal year, compared to 100 in the same period last year, he said.
Bombardier is scheduled to report third-quarter results on Wednesday. It posted a loss in the second quarter to July 31 after it booked a big write-off on the value of its investment in Metronet Rail BCV Ltd. (Reporting by Rina Chandran; Editing by John Mair)
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