|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.0180 - 1.0200|
|52-week range||0.8800 - 1.9000|
|Beta (5Y monthly)||2.83|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Dec 2014|
|1y target est||N/A|
The Montreal-based planemaker said the Global 8000 will become the world's fastest business jet with an ultra-long range of 8,000 nautical miles (9,206 miles) and a top speed of Mach 0.94 (721 miles per hour). The plane will enter service in 2025 and compete with high-end models offered by rivals General Dynamics and France's Dassault Aviation - the Gulfstream G700 and Falcon 10X, respectively. Bombardier said the Global 8000 will have a list price of $78 million, slightly higher than the $75 million which its predecessor and the company's flagship Global 7500 lists for.
Bombardier shares tumbled 3% in morning trade. Corporate jet makers are reporting swelling order backlogs, as affluent passengers continue flying private during the COVID-19 pandemic. Chief Executive Eric Martel told analysts Bombardier would look to reassess 2022 free cash flow guidance of greater than $50 million later this year, after generating $173 million from continuing operations during the first quarter.
Buyer "hysteria" for pre-owned business jets during the pandemic that triggered a recent wave of bidding wars is now easing, with more corporate aircraft coming up for sale, brokers say. The uptick in supply of pre-owned jets from historic lows will be in focus as corporate planemakers Textron Inc, General Dynamics Corp's Gulfstream and Bombardier Inc unveil earnings in coming weeks, with investors looking for any early signs of softening demand for new planes. While U.S. business jet traffic remains above 2019 levels, the combination of listed planes and aircraft sold through word-of-mouth is giving buyers more choice, while price increases have at least temporarily flattened.