Bombardier Cancels Jet Republic 25 + 85opt Order — Civil Aviation Forum

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Bombardier Cancels Jet Republic 25 + 85opt Order

YOWza From Canada, joined Jul 2005, 4788 posts, RR: 17
Posted (3 years 10 months 3 days 13 hours ago) and read 3115 times:

Yikes! This is a big loss for Bombardier. Luckily it seems to have not rocked the organization as much as I thought it might.

http://www.bombardier.com/en/corpora...ses/details?docID=0901260d800b51e7

PS TSE:BBD.B is holding strong Wink

YOWza

12A whenever possible.

8 replies: All unread, jump to last

Khobar From United States of America, joined Mar 2006, 2379 posts, RR: 4
Reply 1, posted (3 years 10 months 3 days 13 hours ago) and read 3009 times:

Just curious, but why would the manufacturer terminate the order? Customer farting around too much or something? Seems odd.

Csturdiv From United States of America, joined Aug 2005, 1356 posts, RR: 3
Reply 2, posted (3 years 10 months 3 days 13 hours ago) and read 2965 times:

The article didn't mention it, but the company has either shut down or is in the process of shutting down because of funding issues.

Posting from somewhere between KORD and KRFD

YOWza From Canada, joined Jul 2005, 4788 posts, RR: 17
Reply 3, posted (3 years 10 months 3 days 12 hours ago) and read 2887 times:

Quoting Khobar (Reply 1):
why would the manufacturer terminate the order?

They have recognized that JetRep is in no state to fulfill the multi-billion dollar order. This is a loss cutting move. Now they can alter production times and line and press ahead with pursuing new clients with more attractive delivery times.

Quoting Csturdiv (Reply 2):
the company has either shut down or is in the process of shutting down because of funding issues

Correct. the company is in a crisis and is all but buried.

YOWza

12A whenever possible.

Khobar From United States of America, joined Mar 2006, 2379 posts, RR: 4
Reply 4, posted (3 years 10 months 2 days 10 hours ago) and read 2320 times:

Quoting YOWza (Reply 3):
They have recognized that JetRep is in no state to fulfill the multi-billion dollar order. This is a loss cutting move. Now they can alter production times and line and press ahead with pursuing new clients with more attractive delivery times.

Ah, that makes sense. I hadn't thought about the schedule.

Thanks for the replies.

Levent From France, joined Sep 2004, 1718 posts, RR: 5
Reply 5, posted (3 years 10 months 2 days 10 hours ago) and read 2235 times:

So much for becoming a direct competitor to NetJets. JetRepublic had also attracted several executives from NetJets to work for them.

Nothing mentioned about financial issues on their website though.

Stitch From United States of America, joined Jul 2005, 26966 posts, RR: 83
Reply 6, posted (3 years 10 months 2 days 10 hours ago) and read 2209 times:

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Been somewhat of a bad month for Bombardier, with them having to cancel a CRJ-1000 order earlier and now having to cancel a Learjet 60XR order.

NetjetsIntl From United States of America, joined Jul 2009, 593 posts, RR: 0
Reply 7, posted (3 years 10 months 2 days 6 hours ago) and read 2027 times:

Quoting Stitch (Reply 6):
Been somewhat of a bad month for Bombardier, with them having to cancel a CRJ-1000 order earlier and now having to cancel a Learjet 60XR order

The other business-jet manufacturers have had a bunch of cancellations as well..... is bad all around

Quoting Levent (Reply 5):
So much for becoming a direct competitor to NetJets. JetRepublic had also attracted several executives from NetJets to work for them

the Jet Republic founders definetly seemed a bit confident a few moments ago, sort of the "we're going to show everybody how its done" type of attitude...

AirCanadaA330 From Canada, joined Aug 2008, 232 posts, RR: 0
Reply 8, posted (3 years 10 months 10 hours ago) and read 1694 times:

With Bombardier cancelling orders because airlines seem to be having hard times, does anyone think that Airbus or Boeing might start doing the same?

Cheers;

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