FILE PHOTO: A Bombardier logo is seen at the Bombardier plant in Belfast, Northern Ireland January 26, 2018. REUTERS/Clodagh Kilcoyne/File Photo
February 22, 2018
MONTREAL (Reuters) – The market for higher-end, pre-owned business jets is beginning to favor sellers, after years where buyers had the upper hand because of elevated supply, Bombardier Inc’s <BBDb.TO> chief financial officer said on Thursday.
“You’re starting to see that turn into being a bit of a sellers’ market on the used side, for good aircraft anyway,” CFO John Di Bert told the Barclays industrial conference in Miami.
“That absorbs a lot of demand that was out there.”
Canada’s Bombardier, one of the world’s largest makers of business jets, in addition to commercial planes and trains, previously had $500 million in used aircraft inventory but is now “fully sold out,” Di Bert said.
(Reporting By Allison Lampert)
