Wednesday, October 15, 2008

Business-Jet Orders May Decline

Canadian manufacturer Bombardier may be getting fewer orders for business-jets.The Montreal firm said industry-wide orders,except for very light jets,are expected to slow to around 1,000 in 2009,from 1400 this year.Bombardier makes Learjet,Global Express and Challenger corporate jets.It has an overall aircraft backlog of 26.1 billion dollars to shore up earnings during the financial crisis.The company will reshuffle its order book to permit customers who want jets sooner to pay in full.Others will have more time to arrange financing.Bombardier also manufactures rail cars.

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