Learjet OwnerOwner of Learjet
His owner, Bombardier, this week announces that he will fire 600 of his Kansas factory employees to assemble the aircraft. Coinciding with the announcement that Learjet shipments fell by 25% last year, the company was able to increase its sales of Learjets in the United States by "Guy Hachey, Bombardier Aerospace's Chairman and CEO, said, "The worldwide economic slowdown continues and 2013 has been a difficult year for aerospace as the economic rebound has taken longer than initially expected.
The weak level of interest is also not affecting other sectors of the corporate airliner segment. In the midst of increasing orders, Gulfstream adds personnel to its newest, more costly G650, which can carry eight occupants and cost $65 million. Gulfstream carrier General Dynamics said today that it has seen a "better than anticipated recovery" in the last three months of the year.
However, the emergence of fractionated airplane owning regulations such as Warren Buffet-supported netjets could be a contributing force as they enable the very wealthy to gain entry to ultra-luxurious personal jets once reserved for the ultra-rich. You can' get up in a Learjet. When Netjets placed a huge order worth 9.6 billion dollars with Bombardier in 2012, it was mainly the more upmarket Challenger that was at stake, not Learjets.
It is even claimed that even NetJets' competitor FLEXJET, formerly Bombardier held, will be prepared to order its first Gulfstream by diversifying its portfolio into long-haul jets. In fairness, Learjet suffers from difficulties at the mother organization levels. Bombardier from the city of Montreal is cutting a further 1,100 positions in Canada.
Along with the Learjet redundancies, the move is intended to maintain liquidity after the delay in the delivery of CSeries planes for business use and to rival the Boeing 737 and Airbus A320s.