Business Aviation
Bombardier Q3 2025 Highlights Strong Revenue Growth and Market Momentum
Bombardier’s Q3 2025 revenue grows 11% with strong aircraft deliveries, backlog and Global 8000 certification supporting future growth.
In the high-stakes world of business aviation, quarterly results serve as a critical barometer for a company’s health and strategic direction. For Bombardier, the third quarter of 2025 painted a picture of robust operational strength, marked by significant year-over-year growth across key financial indicators. The company demonstrated a solid performance in a market that continues to show healthy demand, reinforcing its position as a leader in the private jet sector. This period saw increased revenues, more aircraft deliveries, and a stronger bottom line, signaling that the core business is firing on all cylinders.
However, the narrative is not without its complexities. While the operational achievements are clear, the results also presented a slight disconnect with market analyst expectations, specifically concerning earnings per share. This duality, strong fundamental growth paired with a miss on a key financial metric, provides a nuanced view of the company’s current standing. It highlights the ongoing challenges, such as transitory supply chain costs, that even well-performing companies must navigate. As we delve into the specifics, we uncover a story of strategic execution, market resilience, and a clear focus on long-term value creation.
This analysis will break down Bombardier’s Q3 2025 performance, examining the numbers that define its success and the context behind them. We will explore the primary drivers of its revenue growth, from aircraft deliveries to the expanding aftermarket services division. Furthermore, we will look at recent developments, including regulatory changes and new product milestones, that are poised to shape the company’s trajectory. It’s a look beyond the headlines to understand the strategic maneuvers and market forces at play for Bombardier.
Bombardier’s third-quarter results for 2025 showcase a company in a strong growth phase. The headline figure, a total revenue of $2.3 billion, represents an 11% increase compared to the same period in the previous year. This growth was not accidental; it was directly fueled by an uptick in aircraft deliveries. The company successfully delivered 34 aircraft in the quarter, an increase from the 30 jets delivered in Q3 2024. This demonstrates a healthy production pace and a sustained ability to meet customer demand.
The composition of these deliveries is also noteworthy, consisting of 13 medium-sized and 21 large-sized jets. The emphasis on large-cabin aircraft, such as the flagship Global series, is a crucial part of the company’s profitability strategy, as these models typically command higher margins. This focus, combined with a steady production rhythm, allowed Bombardier to reiterate its full-year guidance of delivering more than 150 aircraft in 2025, providing a clear line of sight for investors and the market at large.
Beyond the top line, profitability metrics also showed significant improvement. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached $356 million, a 16% jump from the prior year. Adjusted net income saw an even more impressive surge, rising 59% to $129 million. These figures point to enhanced operational efficiency and effective cost management. Perhaps most telling was the generation of $152 million in free cash flow, a massive $279 million improvement from the same quarter last year. Positive free cash flow is a vital sign of financial health, indicating that the company is generating more cash than it consumes, allowing for debt reduction and strategic investments.
Despite the strong operational performance, the company’s adjusted earnings per share (EPS) came in at $1.21. While this was a substantial increase from the $0.74 reported in the same quarter of 2024, it fell short of the average analyst estimate of $1.40 per share. The company attributed this miss primarily to transitory costs related to the Supply-Chain, a persistent challenge across the manufacturing sector. This highlights that while Bombardier is executing its plan effectively, it is not entirely immune to broader economic pressures that can impact profitability on a short-term basis.
However, looking past the short-term EPS figure, the company’s order book tells a story of sustained, long-term demand. The total backlog stood at a formidable $16.6 billion, providing revenue visibility for years to come. More importantly, the unit book-to-bill ratio was 1.3 for the quarter. A ratio above 1.0 is a key indicator of healthy demand, as it means the company received more new orders than it fulfilled through deliveries. This suggests that the pipeline for future sales remains robust, insulating the company from potential short-term market fluctuations. “Bombardier’s third quarter performance marked by double-digit growth, or better, across all key indicators is a testament to the entire team’s relentless focus on executing our plan and supporting our customers.” – Éric Martel, President and CEO of Bombardier
A cornerstone of Bombardier’s recent success has been its strategic pivot towards expanding its aftermarket services. This division, which handles maintenance, repairs, and modifications for its fleet of aircraft, generated $590 million in revenue during the third quarter, a 12% year-over-year increase. This is a critical component of the company’s business model, as services provide a consistent, predictable, and high-margin revenue stream that is less cyclical than new aircraft sales. The continued double-digit growth in this segment underscores the success of this strategy and its contribution to overall financial stability.
The broader market context remains favorable for business aviation. The industry has experienced a period of heightened demand since the pandemic, as corporations and high-net-worth individuals increasingly value the efficiency, safety, and privacy of Private-Jets. This trend has allowed manufacturers like Bombardier to build healthy backlogs and maintain pricing discipline. While concerns about a potential economic slowdown linger, the near-term outlook for the sector remains positive, supported by the strong order books across the industry.
Looking ahead, several key developments are set to provide additional tailwinds for Bombardier. The recent type certification of its new flagship aircraft, the Global 8000, by Transport Canada is a major milestone. This paves the way for the ultra-long-range jet’s entry into service, allowing Bombardier to compete at the very top of the market. The Global 8000 is expected to be a significant contributor to future revenue and profitability, further cementing the company’s position in the large-cabin segment.
Another significant development is the Canadian government’s proposal to eliminate the so-called “luxury tax” on private jets. This tax had been a point of contention for the industry, with critics arguing that it stifled domestic sales and hindered competitiveness. CEO Éric Martel noted that the tax had been a drag on the Canadian market and that its removal is expected to stimulate demand within the country.
The removal of this tax is anticipated to not only boost sales but also create new jobs at Bombardier’s Canadian facilities. This policy change represents a significant win for the company, removing a key headwind in its home market and creating a more favorable environment for growth. It aligns with the company’s efforts to strengthen its operational footprint and capitalize on domestic opportunities.
Bombardier’s third-quarter 2025 results reflect a company that is successfully executing its strategic plan. The double-digit growth in revenue and profitability, coupled with strong free cash flow generation, demonstrates solid operational momentum. The company is capitalizing on healthy market demand, expanding its lucrative services business, and managing its production effectively. The robust $16.6 billion backlog and a positive book-to-bill ratio provide a strong foundation for future performance, offering a clear path to continued growth.
While the miss on analyst EPS expectations warrants attention, it appears to be a minor blemish on an otherwise stellar report, driven by external factors like supply chain costs. With the upcoming entry-into-service of the Global 8000 and the favorable removal of the Canadian luxury tax, Bombardier is well-positioned to strengthen its market leadership. The focus remains on disciplined execution, and as Éric Martel stated, the company is entering the final stretch of 2025 with “excellent momentum across the board.”
Question: Why did Bombardier’s revenue increase in the third quarter of 2025? Question: Why did Bombardier’s earnings per share (EPS) miss analyst expectations? Question: What is the significance of the Global 8000 aircraft for Bombardier? Sources: Bombardier Press Release
Bombardier‘s Q3 2025: Navigating Growth Amidst Market Expectations
A Deep Dive into the Q3 Financials
The EPS Miss and Backlog Strength
Strategic Drivers and Future Outlook
A Favorable Policy Shift
Concluding Thoughts
FAQ
Answer: Bombardier’s revenue grew by 11% to $2.3 billion, primarily driven by an increase in aircraft Deliveries (34 in Q3 2025 vs. 30 in Q3 2024) and a 12% year-over-year increase in its aftermarket services revenue.
Answer: Although the adjusted EPS of $1.21 was a significant improvement over the previous year, it fell below the analyst consensus of $1.40. The company attributed this shortfall in part to transitory supply chain-related costs.
Answer: The Global 8000 is Bombardier’s new flagship ultra-long-range private jet. Its recent type certification by Transport Canada is a major milestone that paves the way for its entry into service. The aircraft is expected to be a key driver of future revenue and profitability, strengthening the company’s position in the high-margin, large-cabin market segment.
Photo Credit: Bombardier
Business Aviation
NTSB Preliminary Findings on Statesville Cessna Citation Crash
NTSB details preliminary findings on the fatal Statesville Cessna Citation 550 crash with seven fatalities, including Greg Biffle.
This article is based on official releases and media briefings from the National Transportation Safety Board (NTSB).
The National Transportation Safety Board (NTSB) has released initial findings and visual assets regarding the fatal crash of a Cessna Citation 550 business jet in Statesville, North Carolina. The accident, which occurred on December 18, 2025, resulted in the deaths of all seven occupants, including former NASCAR driver Greg Biffle and members of his family.
According to official updates from the agency, investigators have recovered the Cockpit Voice Recorder (CVR) and identified key details regarding the aircraft’s final moments. The NTSB has also made high-resolution photos and b-roll footage of the accident site available to the public as part of their transparency efforts during the ongoing investigation (Case ID: WPR26MA063).
The aircraft, identified by registration N257BW, departed Statesville Regional Airport (SVH) at approximately 10:05 AM EST, bound for Sarasota-Bradenton (SRQ). NTSB investigators report that roughly 10 minutes after takeoff, the pilot initiated a return to the airport, executing a left turn to align with Runway 28.
During media briefings, NTSB officials revealed a critical piece of communication sent from inside the cabin. A passenger on board sent a text message to a family member shortly before impact.
“Emergency landing.”
, Text message sent by a passenger, confirmed by NTSB officials
The crash sequence ended when the aircraft struck approach lighting stanchions approximately 1,800 feet short of the runway threshold. Following the initial impact, the jet collided with trees and the airport perimeter fence before coming to rest and catching fire. The debris field suggests the aircraft was configured for landing with landing gear down and flaps set, indicating it was “stable on approach” but flying too low.
NTSB Board Member Michael Graham and Investigator-in-Charge Dan Baker provided updates on the physical evidence recovered from the site. While the aircraft sustained extensive fire damage, investigators have identified the engines and flight control surfaces within the wreckage. The Cockpit Voice Recorder (CVR) has been successfully recovered and transported to the NTSB laboratory in Washington, D.C., for analysis. Officials noted that the aircraft was not equipped with a Flight Data Recorder (FDR), as it was not required by regulation for this specific airframe, which was manufactured in 1981.
At the time of the accident (approximately 10:15 AM EST), weather conditions at Statesville Regional Airport included low clouds, mist, and drizzle. Visibility was reported to be approximately 3 to 5 miles. These environmental factors will be a key component of the ongoing inquiry.
To maintain transparency, the NTSB has published a collection of visual assets on the investigation’s official webpage. These materials include:
All future updates, including the preliminary report (expected within 30 days), the public docket, and the final report, will be posted to the same location.
The absence of a Flight Data Recorder (FDR) on older business jets like this 1981 Cessna Citation 550 is not uncommon, but it places significantly more weight on the Cockpit Voice Recorder (CVR) and physical site analysis. Without digital flight data parameters, investigators must rely heavily on audio cues, radar tracks, and the physical position of actuators and switches in the wreckage to reconstruct the flight path. The fact that the aircraft was “stable on approach” but 1,800 feet short suggests a focus on altitude awareness, altimeter settings, or visual illusions caused by the reported mist and low clouds.
Who were the victims of the crash? When will the cause of the crash be determined? Was the airport controlled? Where can I view the photos and b-roll?
NTSB Releases Preliminary Findings on Statesville Cessna Citation Crash
Crash Sequence and “Emergency Landing” Communication
Investigation Status and Site Analysis
Recorder Recovery
Weather Factors
Visual Assets and Public Docket
AirPro News Analysis
Frequently Asked Questions
Authorities have confirmed seven fatalities. The victims include Greg Biffle, his wife Cristina, daughter Emma, son Ryder, pilot Dennis Dutton, Jack Dutton, and Craig Wadsworth.
The NTSB typically releases a preliminary report within 30 days of the accident, which contains factual information but no probable cause. A final report, including the probable cause, usually takes 12 to 24 months to complete.
No. Statesville Regional Airport is a non-towered airport. Pilots use a Common Traffic Advisory Frequency (CTAF) to coordinate their movements.
The NTSB has hosted all visual assets on their official investigation webpage linked below.Sources
Photo Credit: NTSB
Business Aviation
Honda Aircraft Introduces APMG S Upgrade for Legacy HondaJets
Honda Aircraft offers the APMG S retrofit for Classic and APMG HondaJets, enhancing payload, avionics, and safety with FAA certified upgrades.
This article is based on an official press release from Honda Aircraft Company.
Honda Aircraft Company has officially introduced the “APMG S” upgrade package, a new retrofit program designed to modernize the manufacturers‘ earlier aircraft models. Announced as the fleet approaches its tenth anniversary, this initiative allows owners of the original HondaJet (Classic) and the HondaJet APMG to install advanced avionics and performance features that were previously exclusive to the newer HondaJet Elite S model.
According to the company’s announcement, the upgrade is available immediately for installation at the Honda Aircraft Company Service Center in Greensboro, North Carolina, as well as through its authorized service center network. The package has already received Federal Aviation Administration (FAA) certification for U.S.-registered aircraft, with certification from other international regulatory bodies planned to follow.
The APMG S package focuses on bridging the gap between the earliest iterations of the HondaJet and the current production standards. The upgrade targets three primary areas: payload capacity, avionics processing, and pilot handling.
Increased Maximum Takeoff Weight (MTOW) Avionics and Safety Systems Additionally, the upgrade introduces a new graphical interface for Weight and Balance calculations on the flight deck, streamlining pre-flight preparations for pilots.
The introduction of the APMG S appears to be a move to protect the longevity and residual value of the HondaJet fleet. By offering a pathway for early adopters to upgrade their airframes to “Elite S” standards, the manufacturer is ensuring that older models remain competitive in the Very Light Jet (VLJ) market. In the official press release, Amod Kelkar, Chief Commercial Officer of Honda Aircraft Company, emphasized the company’s dedication to its existing customer base:
“As we approach the tenth anniversary of our first HondaJet delivery, we are excited to provide our customers the opportunity to upgrade their aircraft with the advanced technology and performance of more recent iterations. The APMG S package brings the spirit of continuous improvement to our in-service fleet, ensuring that the HondaJet remains at the forefront of the light jet category.”
While the official release focuses on technical specifications, the strategic timing of this announcement is notable. The first HondaJet “Classic” models were delivered between 2015 and 2018. As these airframes approach the decade mark, they face potential obsolescence when compared to newer entrants like the Cessna Citation M2 Gen2 or the Embraer Phenom 100EV.
By offering a retrofit option rather than forcing customers to purchase a new aircraft to gain these capabilities, Honda is likely aiming to prevent customer defection to competitors. This strategy aligns with a broader industry trend toward sustainability and lifecycle extension, where “retrofitting” is viewed as a more environmentally and financially responsible alternative to scrapping or replacing airframes. While specific pricing was not disclosed in the release, owners are directed to contact service centers for quotes, historical data suggests such upgrades offer a cost-effective alternative to trading up to a new $6 million-plus aircraft.
Honda Aircraft Company has confirmed that the APMG S package is available for installation now. The upgrade is applicable to:
Owners interested in the upgrade can schedule installation at the factory service center in Greensboro, NC, or at authorized facilities worldwide. While FAA certification is complete, European operators and those in other jurisdictions will need to wait for subsequent regulatory approvals, which the company states are currently in planning.
Honda Aircraft Company Unveils APMG S Upgrade for Legacy HondaJet Fleet
Technical Enhancements and Performance Gains
One of the most significant operational changes included in the package is a 300-pound increase in Maximum Takeoff Weight (MTOW). In practical terms, this allows operators to carry approximately one additional passenger or significantly more fuel and baggage without compromising range. The company states that this upgrade directly addresses the evolving mission requirements of current owners.
The retrofit includes both hardware and software updates to the Garmin G3000 avionics suite. These updates are designed to deliver faster processing speeds and enable advanced flight deck features. A key safety addition is the Advanced Steering Augmentation System (ASAS). According to Honda Aircraft Company, ASAS is engineered to reduce pilot workload and enhance safety during the landing rollout, particularly in challenging crosswind conditions.
Strategic Commitment to the Fleet
AirPro News Analysis
Availability and Implementation
Sources
Photo Credit: HondaJet
Business Aviation
PlaneSense and CaptainJet Partner to Expand Private Jet Access Across Continents
PlaneSense partners with CaptainJet, enabling reciprocal private flight access with Pilatus aircraft across the US, Europe, Canada, and the Caribbean.
This article is based on an official press release from PlaneSense, Inc. and CaptainJet.
PlaneSense, Inc., a leading fractional aircraft ownership program based in the United States, has announced a significant expansion of its international service capabilities through a new collaboration with CaptainJet, a European luxury charter sourcing provider. Announced on December 16, 2025, this partnership aims to provide seamless, reciprocal private travel solutions for clients on both sides of the Atlantic.
According to the official press release, the agreement allows PlaneSense shareowners to access a vast network of charter aircraft when traveling within Europe. Conversely, CaptainJet clients visiting the United States, Canada, and the Caribbean will gain access to the PlaneSense fleet, which consists of the Pilatus PC-12 turboprop and the Pilatus PC-24 jet. This move solidifies a growing alliance between PlaneSense and the broader Jetfly Group, CaptainJet’s affiliate, following an earlier partnership established in 2025.
The core of this collaboration is a reciprocal service agreement designed to simplify the complexities of international private aviation. For PlaneSense shareowners, the company has integrated a “PlaneSense Sourcing Solution” team that will coordinate directly with CaptainJet. This arrangement provides U.S. clients with access to CaptainJet’s network, which includes over 7,000 aircraft globally, ensuring availability even during high-demand periods in Europe.
For European travelers, the partnerships opens the door to the PlaneSense fleet. CaptainJet clients can now book flights on the Pilatus PC-12 and PC-24 aircraft operated by PlaneSense. These aircraft are renowned for their short-field performance, allowing access to smaller regional airports that are often closer to final destinations than major hubs.
This collaboration builds upon a previous agreement between PlaneSense and Jetfly, a European fractional operator and affiliate of CaptainJet. Both PlaneSense and Jetfly utilize fleets heavily focused on Pilatus aircraft. By partnering with CaptainJet, PlaneSense extends its reach beyond the specific fractional fleet of Jetfly, offering its owners a broader range of charter options to suit various mission profiles that might fall outside the scope of the fractional fleet.
Leadership from both organizations emphasized the client-focused nature of the deal, highlighting the demand for a unified booking experience across continents.
George Antoniadis, President and CEO of PlaneSense, Inc., stated in the press release: “Working with the CaptainJet team allows us to greatly expand our footprint and assist our valued clients with their global travel needs.”
Yves Roch, CEO of CaptainJet, echoed these sentiments, noting the quality of the U.S. operator’s fleet:
“We’re proud to collaborate with PlaneSense, providing clients with exceptional private flights on both sides of the Atlantic.”
The Asset-Light Expansion Model The Short-Runway Niche 2025 Industry Trends What aircraft will PlaneSense clients fly on in Europe? Can CaptainJet clients fly the PC-12 in the US? Is this a merger?
PlaneSense and CaptainJet Launch Strategic Transatlantic Collaboration
Reciprocal Access for Global Travelers
Strengthening the “Pilatus Alliance”
Executive Commentary
Strategic Market Context
AirPro News Analysis
This collaboration represents a distinct strategic approach compared to other major players in the private-jets sector. While competitors such as NetJets and Flexjet have pursued “organic expansion” or “acquisition” models, spending significant capital to buy aircraft and obtain operating certificates in Europe, PlaneSense is effectively building a virtual global fleet. By partnering with CaptainJet and Jetfly, PlaneSense secures immediate European market access without the heavy infrastructure investment required to establish a standalone European division.
A critical differentiator for this alliance is the specific capability of the aircraft involved. Both PlaneSense and the Jetfly Group specialize in Pilatus aircraft (PC-12 and PC-24). These aircraft possess unique short-field capabilities, allowing them to land on runways as short as 3,000 feet, including grass and dirt strips. This opens up access to exclusive destinations, such as Courchevel in the French Alps or smaller Caribbean islands, that are inaccessible to the larger jets typically flown by competitors like VistaJet or Wheels Up. This “adventure access” segment remains a defensible niche that this partnership strengthens.
The timing of this deal aligns with broader 2025 trends where high-net-worth individuals increasingly demand “one-call” solutions. The post-pandemic travel boom has occasionally strained charter inventory; by aligning with a major sourcing agent like CaptainJet, PlaneSense mitigates the risk of inventory shortages for its clients abroad. This ensures that U.S. owners are not left to navigate a fragmented European charter broker market on their own.
Frequently Asked Questions
Through CaptainJet, PlaneSense clients will have access to a sourcing network of over 7,000 aircraft, ranging from light jets to large-cabin aircraft, in addition to the Pilatus fleet available through the Jetfly affiliate partnership.
Yes. The agreement specifically allows CaptainJet clients to book flights on the PlaneSense fleet, which includes the Pilatus PC-12 turboprop and the PC-24 light jet, known for their versatility and short-runway performance.
No. This is a strategic collaboration between two independent companies. PlaneSense remains a privately held U.S. company, while CaptainJet operates as a Swiss-based charter sourcing provider affiliated with the Jetfly Group.
Sources
Photo Credit: PlaneSense
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