Bombardier's 2013 aircraft orders fall, blames 'sluggish' economy

Mon Jan 20, 2014 11:35am EST

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TORONTO, Jan 20 (Reuters) - Canada's Bombardier Inc
 said on Monday that aircraft deliveries nudged
slightly higher in 2013, but its order book fell 19 percent, as
a persistently sluggish global economy created a "challenging
year for aviation."
    Montreal-based Bombardier said it delivered 238 aircraft
last year, five more than in 2012, but aircraft orders dropped
to 388 from 481. 
    RBC Capital Markets analyst Walter Spracklin said the
deliveries were in line with his estimates and he expects 2014
delivery guidance when the company reports fourth-quarter
financial results on Feb. 13.
    Shares of Bombardier rose 2 Canadian cents to C$4.13 on the
Toronto Stock Exchange on Monday. Last week, the stock fell 9
percent last week after the company again delayed the schedule
of its new CSeries jetliner. 
    Bombardier said commercial aircraft orders fell 41 percent
in 2013, to 81 from 138 in 2012, and business jet orders slipped
to 305 from 343. There were two orders for amphibious aircraft. 
  
    It delivered 180 business jets, 55 commercial aircraft and
three amphibious aircraft in 2013. Business jet deliveries
lagged a forecast of 190 planes because new Learjet aircraft
entered service in the fourth quarter, the company said.
    "The global economy has remained persistently sluggish, and
with its recovery taking longer than originally anticipated,
2013 continued to be a challenging year for aviation," said
Bombardier Aerospace president Guy Hachey in a statement. 
    Bombardier rival Embraer SA delivered 90
commercial planes and 119 executive jets in 2013, meeting its
targets after a fourth-quarter surge in sales. 
    Boeing was the world's largest planemaker in 2013, with a
record 648 jetliners outpacing rival Airbus' 625 deliveries.
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