by ROSS MAROWITS, THE CANADIAN PRESS

With its focus no longer diverted by the aircraft formerly known as the C Series, Bombardier Inc. says it is working to improve the profitability of its regional jets and turboprops by boosting sales and cutting costs.
The Montreal-based transportation giant’s regional aircraft order backlog rose to 116 planes, enough for three years of production that sets it up for the potential to increase production rates. Its commercial aircraft segment won orders for a total of 16 Q400 aircraft and 35 CRJ Series equipped with its new cabin design.
“Adding a little bit of volume here also is very beneficial to those programs as you add units especially at the current rates — that does improve the cost structure,” chief financial officer John Di Bert said Thursday during a conference call about its second-quarter results.
“It’s about continuing to focus on adding volume, it’s about leaning out the cost structure and make sure we have very efficient programs, really focusing on that aftermarket and then we’ll take it from there,” said Di Bert.
Bombardier’s shares increased nearly five per cent at $4.99 in Thursday trading after the company posted strong results and signalled that its turnaround plan remains on track.
“Our solid performance positions us to achieve our free cash flow break even target for this year and more importantly to sustain cash generation well into the future,” Di Bert added.
Bombardier, which reports in U.S. dollars, said overall revenues increased three per cent to $4.26 billion in the second quarter.
Most of the improvement was due to an 11 per cent increase in revenue at Bombardier Transportation, which accounted for $2.26 billion of the total. Revenue fell at Bombardier’s commercial aircraft and business aircraft divisions.
The company achieved a second-quarter profit of $70 million as it posted a $232 million increase free cash flow, helped by $600 million net proceeds from the sale of Downsview airport in Toronto.


“As initially planned, we are further improving our Airbus A220-300 fleet with several upgrades in the cabin design. We are delighted that our passengers appreciate the comfort that the Airbus A220-300 aircraft offers. By the end of 2018, we are planning to have a total of 14 Airbus A220-300 aircraft in our fleet therefore even more passengers will have the possibility to fly on the most modern aircraft,” adds Gauss.
Latvian carrier airBaltic will phase out its 11 remaining Boeing 737s by 2020 and 12 Bombardier Q400s by 2022, leaving it with an all Airbus A220-300 fleet. AirBaltic was the A220-300 launch customer, when the program was branded as the Bombardier CSeries. It was renamed the A220 in early July. The airline’s total A220-300 commitments to date stand at 50 firm orders and 30 options, with initial decisions on these options expected from around 2019.

MONTREAL, June 27, 2018 /CNW Telbec/ – Air Transat, wholly-owned business unit of Transat A.T. Inc., has signed an agreement with AerCap for the long-term lease of seven new Airbus aircraft: two A321neos and five A321neo LRs (long-range). These next-generation, single-aisle jets, which will be delivered gradually between 2020 and 2022, will notably replace wide-body A330s whose leases will expire during this period.