Challenger 3500 Archives - FLYING Magazine https://cms.flyingmag.com/tag/challenger-3500/ The world's most widely read aviation magazine Tue, 02 Apr 2024 20:51:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 Jets: Reaching the Service Ceiling https://www.flyingmag.com/jets-reaching-the-service-ceiling/ Sat, 03 Feb 2024 13:00:00 +0000 https://www.flyingmag.com/?p=194529 The jet market softened after a period of COVID-induced thrust.

The post Jets: Reaching the Service Ceiling appeared first on FLYING Magazine.

]]>
The business jet market, paralleling the flight path of the general economy, is leveling off after two years of post-COVID soaring. The flattening is more pause than plateau, says Rolland Vincent, head of the market research and consultant company bearing his name in Plano, Texas.

“Nothing surprises me,” says Vincent. “We were on a sugar high in 2021 and 2022, fed by essentially free money. Now with middle single-digit loan rates, we’re getting back to a more normal market.”

Adds Ron Epstein, senior equity analyst at Bank of America: “The COVID recovery was kind of a weird thing. We’re getting back to a normal [growth] trajectory pre-COVID.”

Rising interest rates haven’t yet been much of a damper on new aircraft sales, as up to 60 percent to 70 percent of purchases now are all cash or 50 percent cash down/50 percent financing. Less than one-third involve a large loan. Some buyers look at 6 percent aircraft loan rates in relation to the 8 percent returns they’re making on investments, so they’re choosing to finance aircraft purchases rather than tying up cash.

The current market cooldown is more related to supply chain snags, particularly as noted by the heads of Bombardier, Dassault, and Gulfstream. Éric Martel, Bombardier’s CEO, says fewer of the firm’s suppliers have problems, but the remaining ones have systemic issues that need remedial work. Bombardier has its own specialists embedded with key suppliers to provide support should issues arise.

Dassault chief Éric Trappier points out that supply chain issues in 2023 are worse than last year, partly from the fallout of Russia’s invasion of Ukraine. Some materials, such as titanium, are in short supply, and European aerospace manufacturer’s energy costs have soared. In mid-July, Trappier disclosed that sales had slowed in the first half of 2023 as compared to the same period in 2022 in large part because of the war in Ukraine.

Gulfstream president Mark Burns says that while supply chains are constricted, the Savannah, Georgia, firm began reordering parts and materials two years ago, resulting in fewer challenges. Phebe Novakovic, CEO and chairman of General Dynamics, Gulfstream’s parent company, has modestly scaled back projected deliveries for 2023.

There’s an upside to supply chain snags, says Epstein, because “it prevents anybody from spoiling the party because it forces production discipline.” Simply put, manufacturers cannot flood the market with an oversupply of airplanes.

Market growth also is being constricted by aircraft certification delays. Similar to many other organizations, the FAA encouraged many employees to work remotely during the COVID-19 pandemic. Several staff members have been reluctant to move back to FAA offices after experiencing the freedom and flexibility of their remote workplaces. Industry observers claim sparsely staffed FAA certification offices are creating long delays in paperwork processing.

In addition, the FAA has doubled down on its aircraft certification checks in the wake of the Boeing 737 Max debacle, delaying by several months the type certification of the Dassault Falcon 6X and Gulfstream G700 and G800, plus potentially the Beechcraft Denali in 2025.

Prospects for smaller turbofan aircraft already in production remain bright. Cirrus, for instance, delivered 90 single-engine SF50 Vision Jets in 2022, according to the General Aviation Manufacturers Association (GAMA) aircraft shipment report. Demand for the entry-level Vision Jet remains strong because it’s an easy step up from Cirrus’ piston singles, owing to its combination of docile handling, human-centered flight deck design, passenger amenities, and top-notch customer support. It’s very similar to the success that Cessna enjoyed 50 years ago when it introduced the mild-performing, twin-turbofan Citation 500 as a modest step-up product from its 300- and 400-series piston twins.

The Vision Jet is the only turbofan aircraft as of yet to offer both a standard airframe parachute system and Garmin Autoland—branded Safe Return—providing unsurpassed peace of mind to occupants. Similar to the long-term growth plan that Cessna had with its Citation500 family, Cirrus is expected to develop faster, higher, and farther-flying turbofan aircraft as follow-on products to the Vision Jet. As FLYING previously reported, Cirrus Aircraft filed for a $300 million initial public offering on the Hong Kong Stock Exchange to provide funds for new aircraft development and increased pro-duction capacity, among other growth goals.

Deliveries in the light jet twin-turbofan market continue slowly to decline, in large part because of the steep drop in demand for Embraer Phenom 100-series aircraft, once the most popular light jet by a wide margin.

Phenom 100 deliveries soared during its first two full production years (2009-2010) for the 100, with Embraer producing nearly 200 units. The Phenom 100 completely eclipsed its archrival, the Cessna Citation CJ1+, a light jet that was $1 million more expensive and somewhat slower. The Phenom 100’s introductory price was on par with the Cessna CE-510 Mustang, but its cabin cross section was nearly as big as the Learjet 45. The Phenom 100’s tall stance and airstair door made it look even larger than its actual size, adding to its perceived value. Owner pilots also favored the Phenom 100’s Garmin G1000 avionics package over the CJ1+’s Collins Pro Line 21 system.

Three years later, Textron Aviation responded by delivering Citation M2, a CJ1 variant with more thrust, Garmin G3000 avionics, a plusher interior than the Embraer, a 40-plus-knot cruise speed advantage, 160 nm more range, and a more attractive price tag than CJ1+. Within a few years, M2 took the sales lead from Embraer in this class and it clearly has maintained it. M2 steadily is catching the Phenom 100 in total sales, with Textron now having delivered more than 340 Citation M2 jets compared to Embraer’s 400-plus Phenom 100 aircraft.

M2 deliveries also surpass those of HA-420 HondaJet, despite the latter’s having a roomier cabin, higher cruise speeds and, arguably, the quietest interior in the light jet class. The Citation, however, offers superior runway performance and a roughly $800,000 lower price.

Veteran buyers also are keen on product support, giving Textron Aviation a major competitive edge over Embraer and Honda Aircraft, according to some industry observers. Textron Aviation delivered nearly double the number of M2 jets in 2022 compared to the HondaJet, and it’s on track to preserve a similar margin in 2023. Phenom 100 comes in a distant third.

Competition in the upper end of the light jet market is far different. Three competitors, Embraer’s Phenom 300E and Textron Aviation’s Citation CJ3+ and CJ4 Gen2 face off. The Brazilian offering has compelling advantages—biggest cabin volume, lowest cabin altitude, longest range, highest cruise speed, and smallest price. Phenom 300/300E deliveries, as a result, now exceed those of CJ3+ and CJ4 Gen2 combined. The Phenom 300 also siphoned off so many Learjet 75 orders that Bombardier was compelled to shut down production. Notably, the Phenom 300 has been the best-selling light jet for more than a decade. And it’s the only light jet to be purchased by all three major fractional aircraft operators—NetJets, Flexjet, and Airshare.

The Pilatus PC-24 sits at the the boundary between light jets and midsize aircraft. [Courtesy: Pilatus Aircraft]

The upmarket Pilatus PC-24 resides in a class of its own, straddling the boundary between light jets and midsize aircraft. Its 18,300-pound max takeoff weight, fuel efficiency, single-pilot certification, and runway performance make it competitive. Its 500-cubic-foot cabin volume, flat floor, standard autothrottles, and 400-knot block speed nudge it into the midsize niche. The right engine has a special low idle rpm ground mode that enables it to double as an APU, thereby providing heating, air conditioning, and electrical power when the aircraft is parked. The PC-24 is the only jet in either class to have a 4.2-foot high by 4.1-foot wide aft cargo door. It can use unpaved runways, just like the PC-12 NGX turboprop. That increases the number of landing facilities it can use from 10,650 to 21,000.

Textron Aviation’s Citation Ascend, the fifth-generation Citation CE-560XL, is the last remaining truly midsize class jet. Gone are Citation III/VI/VII, Hawker800, Gulfstream G150, and Learjet 60. None had the 560XL’s blend of short-field performance, cabin comfort, operating economics, and low purchase price—though it won’t reach the market until 2025.

Ascend could be the last member of the venerable CE-560XL family, a placeholder to buy time for Textron Aviation to develop a clean-sheet replacement aircraft with more speed, more range, and more cabin volume. At nearly $17 million, Ascend’s price point puts it close to the $18 million Embraer Praetor 500, a super-mid-size aircraft with 70 percent more range, 40 to 70 knots more speed, and half again more cabin volume.

The Praetor 500 can fly nonstop between almost any two U.S. continental coastal cities at Mach 0.80 against winter winds. It has the lowest cabin altitude in its class, 5,800 inside while cruising at 45,000 feet. It boasts full-tanks, full-seats loading flexibility. It has a wet galley, vacuum lavatory, and optional Viasat KA-band SatCom connectivity. It’s the least expensive jet in FLYING’s Buyers Guide to boast fly-by-wire flight controls, a technology that used to be available only on the most expensive jets from Bombardier, Dassault, and Gulfstream. Topping all that, it beats Citation Ascend’s short-field performance on equal length missions. However, being much heavier than Citation Ascend, Praetor 500 burns 20 to 25 percent more fuel.

The super-midsize class remains one of the most hotly contested sectors with offerings from Bombardier, Gulfstream, and Textron, as well as Embraer. All contenders feature two cabin sections, typically configured with double-club seating or a single-club section up front and a divan plus two facing chairs at the rear. Bombardier Challenger 3500, the latest variant of the Challenger 300 that entered service in 2003, sports a cabin with nearly the same cross section as a Gulfstream V, lower cabin altitudes to reduce fatigue, more comfortable and stylish Nüage chairs and numerous connectivity and convenience upgrades.

The Challenger 300 series has been the bestseller in class for two decades because of its combination of cabin comfort, performance, operating economics, and dispatch reliability. With fat margins and fuel problems, it’s a cash cow for Bombardier. However, some industry analysts maintain Challenger 3500 is due for a major refresh to keep it competitive in the long term.

Gulfstream delivered 24 G280 aircraft in 2022. [Courtesy: Gulfstream]

The Gulfstream G280 is the performance leader, capable of flying four passengers 3,700 nm at Mach 0.80, and eight passengers 3,500 nm at the same speed. Its cabin is slightly narrower than Challenger 3500, but it’s longer, so the volume is virtually the same. The G280 features a wing derived from the GV airfoil, albeit one with different twist and improved winglets. Fuel efficiency rivals the best class, a result of the low drag wing, fuel-efficient HTF7250G turbofans and comparatively high cruising altitudes. For example, it can climb directly to 43,000 feet on an ISA+10 degree Celsius day. Demand for G280 is getting stronger, with Gulfstream delivering 24 aircraft in 2022, according to GAMA.

Textron Aviation’s Citation Latitude is the firm’s bestselling jet, with 42 deliveries in 2022. Passengers love this airplane, especially its roomy aft lavatory. This low-risk derivative of the Model 680 Sovereign+ offers the largest cabin cross section of any Citation yet to enter production but one with impressive structural efficiency. Its increase in empty weight is less than 360 pounds compared to Sovereign+, while its cabin is 4 inches higher and 11 inches wider. It features the first flat floor in a Citation, a 9.66 psi pressurization system that maintains cabin altitude below 6,000 feet and a Garmin G5000 flight deck. Cabin width is about 5 inches narrower, and floor width is 7 inches less than in the Praetor 500, thus its cross section is the leanest in class. The Latitude’s typical block speed is 400 knots, so it’s optimized for two- to three-hour trips even though it has a 6.5-hour endurance.

The Latitude’s fraternal twin, the Citation Longitude, shares its cabin cross section, low cabin altitudes, and G5000 avionics package, but little else. The wing has a super-critical airfoil with 28.6 degrees of sweep at one-quarter chord. It’s powered by Honeywell HTF7000 series turbofans, considered best in class by Bombardier, Embraer, and Gulfstream. Normal cruises peed is Mach 0.80, so mission block times are nearly identical to those of Gulfstream G280.

The jet will fly four passengers 3,500 nm and eight passengers 3,400 nm at that speed, enabling it to cruise from New York to Paris, but not necessarily Paris to New York against winter headwinds. On typical two-to three-hour missions, the Longitude burns less fuel than the Latitude and its takeoff and landing distances are only slightly longer. Textron Aviation’s asking price is nearly $30 million, the highest in the super-midsize class, but that’s not dampening sales, again boosted by the company’s renowned product support and the air-plane’s unsurpassed low cabin noise levels. Textron Aviation delivered 26 units in 2022.

Embraer’s Praetor 600 is the value leader in this market niche. With a $21.5 million base price, it’s less than $2 million more than the Citation Latitude, yet it offers an extensive list of standard features. Along with the Praetor 500, it’s the only super-mid to have fly-by-wire flight controls. Its cabin cross is slightly smaller than either the Bombardier Challenger 3500 or Gulfstream G280 but larger than the Latitude or Longitude. Similar to the Citation Latitude and Praetor 500, there is no access to the unpressurized aft baggage compartment in flight. With a highest-in-class, 16,000-plus-pound fuel capacity, it can fly eight passengers 3,900 nm at long-range cruise. At Mach 0.80, range is close to 3,700 nm.

While orders are strong at all the jet manufacturers in FLYING’s Buyers Guide, storm clouds rapidly are forming in Europe. Climate change activists cut the airport security fence at Geneva International Airport (LSGG) in May and chained themselves to aircraft on display at the European Business Aviation Convention& Exhibition, calling for a total ban on private jets, decrying them as “toxic objects” and carrying signs that read, “Warning: Private Jets Drown Our Hope.”

Another environmental group sprayed orange paint on a Citation CJ1 at Sylt, Germany, in June, and a third splattered yellow paint over an Embraer Phenom 300E at Ibiza, Spain, in July, unfurling a banner that read, “Your Luxury = Our Climate Crisis.”

Dassault fully understands the threats posed by environmental protesters in Europe, warning that aviation bashing often translates into government regulatory policies. Amsterdam’s Schiphol Airport (EHAM), for instance, plans to ban private jets after 2025. Dassault officials counter that all 2,100 Falcon Jets in service produce the same emissions as a single day of internet video streaming.

To put business jet aviation emissions into perspective, it’s constructive to first look at global energy-related carbon dioxide emissions. In 2022, the total was 36.8 billion metric tons, according to the International Energy Agency. IAE says aviation represents 2 percent of total CO2 emissions, or 736 million metric tons. ICAO also quotes a 2 percent aviation share, based upon research conducted by the Intergovernmental Panel on Climate Change. GAMA claims that business aviation represents 2 percent of all aircraft emissions, or 14.7 million metric tons.

The World Health Organization, in contrast, reports the tobacco industry emits 84 million metric tons of CO2 every year, more than 5.7 times as much as business aviation. FLYING knows of no climate change activists who are protesting cigarette smoking.

“There’s [an] angle of class warfare here,” says Epstein, the Bank of America analyst.

Says another business aviation veteran: “Business jet owners are targeted as fat cats that don’t have to go through TSA. It’s not yet an existential threat in the U.S. But what happens in Europe eventually comes here.”

In light of growing public sentiment regarding the carbon impact of private jets, the business aviation industry has committed to slashing total CO2 emissions by 50 percent by 2050 compared to 2005. Transitioning from fossil fuel to sustainable aviation fuel (SAF or bio jet-A) can reduce overall aircraft CO2 emissions by 80 percent, according to the International Air Transport Association. Some SAF advocates claim up to 90 percent reduction, depending upon the bio feedstocks and production processes.

The challenges to making the jump from fossil jet-A to SAF are immense. Currently, the aviation industry uses close to 100 billion gallons of jet-A annually but only 14 million gallons is SAF, the majority of which was purchased by business jet operators, according to Timothy Obitts, CEO of Alder Fuels, a leading sustainable fuels company in Virginia. One big hurdle to scaling up SAF production is price. The wholesale cost of biojet is up to three times as much as fossil fuel, so FBOs are bound to charge a substantial premium for it, squeezing the already tight budgets of many light jet operators.

“Scaling up production of SAF is beyond the scope of business aviation,” says Epstein. “It’s not happening anytime soon. It’s going to take a massive investment by government. And then business aviation can ride on the coattails.”

However, the underpinnings of the business jet sector remain strong.

“People want to travel by air,” Epstein says. “The industry needs to be aware of climate change pressures and manage them. Climate change activists aren’t the ones buying business jets.”

Aircraft Make/ModelManufacturer
Base Price
EngineSeatsMaximum Takeoff WeightFull Fuel Payload
Bombardier Challenger 3500$27.2 million2 x Honeywell HTF7350up to 1040,600 lb.1,800 lb.
Bombardier Challenger 650$33 million2 x General Electric CF34-3B MTOup to 1248,200 lb.1,150 lb.
Bombardier Global 5500$47.4 million2 x Rolls-Royce Pearl 15up to 1692,500 lb.2,639 lb.
Bombardier Global 6500$58 million2 x Rolls-Royce Pearl 15up to 1799,500 lb.2,470 lb.
Bombardier Global 7500$81 million2 x General Electric Passportup to 19114,850 lb.1,890 lb.
Cessna Citation M2 Gen2$6.15 million*2 x Williams FJ44-1AP-21710,700 lb.3,810 lb. useful load
Cessna Citation CJ4 Gen2$11.86 million*2 x Williams FJ44-4A1017,110 lb.6,950 lb. useful load
Cessna Citation Latitude$19.78 million*2 x Pratt & Whitney PW306D1930,800 lb.12,394 lb. useful load
Cessna Citation Longitude$29.99 million*2 x Honeywell HTF7700L1239,500 lb.16,100 lb. useful load
Cirrus Vision Jet G2+$3.29 million*1 x Williams FJ33-5A76,000 lb.1,400 lb. max payload
Dassault Falcon 7X$54.2 million3 x Pratt & Whitney PW307A12-1470,000 lb.3,988 lb.
Dassault Falcon 8X$63.8 million3 x Pratt & Whitney PW307D12-1473,000 lb.1,959 lb. max payload
Dassault Falcon 2000LXS$44.7 million*2 x P&W PW308C8-1042,800 lb.2,755 lb.
Dassault Falcon 900LX$36 million3 x Honeywell TFE731-6012-1449,000 lb.2,480 lb.
Embraer Phenom 100EV$4.495 million2 x Pratt & Whitney PW617F1-E6 or 810,703 lb.647 lb. max payload
Embraer Phenom 300E$10.295 million2 x Pratt & Whitney PW535E18 or 1118,552 lb.1,586 lb. max payload
Embraer Praetor 500$17.995 million2 x Honeywell HTF7500E2+937,567 lb.1,610 lb. max payload
Embraer Praetor 600$21.495 million2 x Honeywell HTF7500E2+1242,858 lb.2,194 lb. max payload
Gulfstream G280$24.5 million*2 x Honeywell HTF7250G8-10+239,600 lb.4,050 lb. max payload
Gulfstream G500$49.5 million*2 x Pratt & Whitney PW814GAup to 1979,600 lb.5,250 lb. max payload
Gulfstream G600$59.5 million*2 x Pratt & Whitney PW815GAup to 1994,600 lb.6,540 lb. max payload
Gulfstream G650ER$70.5 million*2 x Rolls-Royce BR725up to 19103,600 lb.6,500 lb. max payload
HondaJet Elite II$6.95 million*2 x GE Honda HF1201+711,100 lb.3,974 lb. useful load
Pilatus PC-24$12.2 million**2 x Williams FJ44-4A1+1118,300 lb.715 lb.
*Manufacturer’s 2024 pricing; **Typically equipped list price; Others validated by Conklin & de Decker; Subject to change

Aircraft Make/ModelFuel BurnMax SpeedNBAA IFR RangeStall/VREF SpeedTakeoff Field LengthLanding Distance
Bombardier Challenger 3500NA0.83 Mach3,400 nmNA4,835 ft.2,308 ft.
Bombardier Challenger 650NA0.85 Mach4,000 nmNA5,640 ft.2,402 ft.
Bombardier Global 5500NA0.90 Mach5,900 nmNA5,340 ft.2,207 ft.
Bombardier Global 6500NA0.90 Mach6,600 nmNA6,145 ft.2,236 ft.
Bombardier Global 7500NA0.925 Mach7,700 nmNA5,760 ft.2,237 ft.
Cessna Citation M2 Gen2830 pph404 ktas1,550 nm83 kias3,210 ft.2,590 ft.
Cessna Citation CJ4 Gen21,299 pph451 ktas2,165 nm86 kias3,410 ft.2,940 ft.
Cessna Citation Latitude1,770 pph446 ktas2,700 nmNA3,580 ft.2,480 ft.
Cessna Citation Longitude1,810 pph483 ktas3,500 nmNA4,810 ft.3,170 ft.
Cirrus Vision Jet G2+442 pph311 ktas1,275 nm60 kcas2,036 ft.1,628 ft. ground roll
Dassault Falcon 7X2,210 pph0.90 Mach5,950 nm104 kias (VREF)5,710 ft. balanced field2,070 ft.
Dassault Falcon 8X2,240 pph0.90 Mach6,450 nm107 kias (VREF)5,880 ft. balanced field2,220 ft. over 50-ft. obs
Dassault Falcon 2000LXS1,480 pph0.86 Mach4,000 nm105 kias (VREF)4,675 ft.2,260 ft.
Dassault Falcon 900LX1,620 pph0.87 Mach4,750 nm110 kias (VREF)5,360 ft.2,415 ft.
Embraer Phenom 100EV88 gph406 ktas1,178 nm95 ktas3,190 ft.2,473 ft.
Embraer Phenom 300E124 gph464 ktas2,010 nm103 ktas3,209 ft.2,212 ft.
Embraer Praetor 500214 gph466 ktas3,340 nm101 ktas4,222 ft.2,086 ft.
Embraer Praetor 600236 gph466 ktas4,018 nm104 ktas4,717 ft.2,165 ft.
Gulfstream G280NA0.85 Mach3,600 nm115 kias (VREF)4,750 ft.2,365 ft. std config
Gulfstream G500NA0.925 Mach5,300 nm117 kias (VREF)5,300 ft.2,645 ft. std config
Gulfstream G600NA0.925 Mach6,600 nm109 kias (VREF)5,700 ft.2,365 ft. std config
Gulfstream G650ERNA0.925 Mach7,500 nm115 kias (VREF)6,299 ft.2,445 ft. std config
HondaJet Elite II638 pph/392 ktas/FL430422 ktas1,547 nm108 ktas3,699 ft. MTOW2,717 ft. 4 pax/NBAA
Pilatus PC-24159 gph438 ktas2,129 nm82 kias2,930 ft. over 50-ft. obs2,120 ft. over 50-ft. obs

The post Jets: Reaching the Service Ceiling appeared first on FLYING Magazine.

]]>
Bombardier Shrinks Q3 Debt Amid Strong Aircraft Demand https://www.flyingmag.com/bombardier-shrinks-q3-debt-amid-strong-aircraft-demand/ https://www.flyingmag.com/bombardier-shrinks-q3-debt-amid-strong-aircraft-demand/#comments Thu, 03 Nov 2022 17:52:15 +0000 https://www.flyingmag.com/?p=160600 Éric Martel, CEO of Bombardier, told investors the company was prepared for changing market conditions.

The post Bombardier Shrinks Q3 Debt Amid Strong Aircraft Demand appeared first on FLYING Magazine.

]]>
Continued demand for private and business aircraft buoyed Bombardier’s third-quarter revenue, which reached $1.46 billion as the company said it remains on track to deliver more than 120 aircraft this year. 

It was a busy quarter for the company as the new super-midsize Bombardier Challenger 3500 entered into service and was delivered to a long-time customer.

Additionally, during the 2022 National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Orlando, Florida, Bombardier announced a three-zone cabin configuration for its Global 7500 and Global 8000. The Global 8000 is expected to enter the market in 2025 and is currently in flight testing. It is expected to have an 8,000-nm range and a top speed of Mach 0.94.

During the quarter, the OEM delivered 25 midsize and large jets, just two fewer than it did during the same period last year. For the nine-month period that ended September 30, Bombardier said it delivered 74 units, which is 82 fewer than it delivered last year. 

The backlog grew from $12 billion in December 2021 to $15 billion as of September this year, demonstrating a strong demand from travelers seeking more private travel solutions, according to the company. 

“With every passing month of airport and flight schedule disruption, business [aviation] travel becomes a more appealing option,” Éric Martel, president and CEO of Bombardier, told investors in August.

The company reported an improved balance sheet during the quarter, shrinking its adjusted losses to $2 million from $95 million a year ago. However, the OEM said supply chain challenges for parts and rising interest rates, inflation, and other things outside of its control affected its margins. However, it said its services revenue grew by $62 million compared to last year due to increased service center maintenance activity.

Earlier this week, the company opened its new service center at the Miami-Opa Locka Executive Airport (KOPF) in Miami-Dade County. Bombardier said in a statement that the 300,000-square-foot facility would quadruple its maintenance footprint in Florida and help transfer service center operations from Fort Lauderdale Opa Locka. Moreover, it will add close to 300 aerospace jobs in the community, including more than 225 highly skilled technicians. It is also capable of holding 18 Global 7500s.

Looking ahead, the company said it would continue to monitor the predicted economic slowdown that has the potential to affect its business. However, it said it remains positioned for growth as it expects the business aviation sector to continue growing over the long term, driven by wealth creation and the new models coming to the market.

“We are well equipped to face any market condition ahead of us,” Martel said during the call.

The post Bombardier Shrinks Q3 Debt Amid Strong Aircraft Demand appeared first on FLYING Magazine.

]]>
https://www.flyingmag.com/bombardier-shrinks-q3-debt-amid-strong-aircraft-demand/feed/ 1
Bombardier Challenger 3500 Enters Service https://www.flyingmag.com/bombardier-challenger-3500-enters-service/ Wed, 21 Sep 2022 21:01:01 +0000 https://www.flyingmag.com/?p=156459 A long-time customer will take delivery of the new super mid-size bizjet later this year.

The post Bombardier Challenger 3500 Enters Service appeared first on FLYING Magazine.

]]>
Bombardier’s first Challenger 3500 business jet has entered service and will be delivered to long-time customer Les Goldberg, chairman and CEO of Entertainment Technology Partners.

In its announcement Tuesday, the Montreal-based company said Goldberg will be able to take ownership of the new super midsize aircraft later this year. List price was given as $26.7 million.

Bombardier’s Challenger family has been the bestselling super midsize platform for the past seven years. [Courtesy: Bombardier]

Bombardier first announced the new business jet platform in September 2021 at the 2021 NBAA Business Aviation Convention & Exhibition (NBAA-BACE).

The Challenger 3500 is the latest iteration of Bombardier’s Challenger brand and is designed to incorporate other amenities from the Global aircraft’s lineage, according to Bombardier. Its flight deck includes a standard-equipped auto-throttle system and offers the most baseline features in its class.

Éric Martel, president and CEO of Bombardier, called the Challenger 3500 the “right aircraft for today” and said, “customers are impressed by the aircraft’s elevated experience, from the comfort and sustainability of its cabin to cost efficiency to reliability. Our teams have done an amazing job delivering this aircraft to market in less than a year since its launch.”

‘Hit All the Right Notes’

The aircraft will be on static display at NBAA-BACE 2022 in Orlando, Florida, in October as it begins demonstration operations. [Courtesy: Bombardier]

Goldberg, who previously owned a Challenger 350, said in a statement that the manufacturer “hit all the right notes in creating a next-generation aircraft” and that he was proud that his company was part of Bombardier’s evolution of the Challenger line.

For Bombardier, the Challenger line has been lucrative. The platform has been the best-selling super mid-size platform for the past seven years.  

“With every passing month of airport and flight schedule disruption, business [aviation] travel becomes a more appealing option,” Martel said in second-quarter earnings call with investors. Bombardier expects to deliver more than 120 aircraft for all of 2022.

The post Bombardier Challenger 3500 Enters Service appeared first on FLYING Magazine.

]]>
Bombardier: Airport Delays Are Speeding Up Shift to Bizjet Travel https://www.flyingmag.com/bombardier-airport-delays-are-speeding-up-shift-to-bizjet-travel/ https://www.flyingmag.com/bombardier-airport-delays-are-speeding-up-shift-to-bizjet-travel/#comments Tue, 09 Aug 2022 19:44:18 +0000 https://www.flyingmag.com/?p=151093 Éric Martel, CEO of Bombardier, told investors during a second-quarter earnings call that airline schedule disruptions are creating demand for business aviation travel.

The post Bombardier: Airport Delays Are Speeding Up Shift to Bizjet Travel appeared first on FLYING Magazine.

]]>
“With every passing month of airport and flight schedule disruption, business [aviation] travel becomes a more appealing option.” That’s what Éric Martel, president and CEO of Bombardier, told investors recently during a second-quarter earnings call.

Martel said the assessment was evidenced by the high utilization of business jets this year by his company, as well as its competitors.

Bombardier’s current book-to-bill of 1:8, worth $14.7 billion, is a clear measure of demand for business travel that remains strong, Martel said, and the ratio was one of the healthiest in terms of customer mix.

Airline travel this summer has been spotty as airlines have been caught flat-footed trying to keep up with customers because they say they can’t find enough pilots. This disruption has invited scrutiny from regulators who want to hold airlines accountable for inconveniencing passengers.

Fortunately for business jet manufacturers like Bombardier, this has encouraged customers looking for more schedule reliability to leverage their products.

“Demand for business aviation continues to grow to new members of the flying public,” Martel told investors. When analysts quizzed whether the pandemic rebound was the cause of the shift in business travel, Martel said the pandemic was only an accelerator.

“I often said that what was supposed to happen over seven to 10 years happened in two,” Martel said, as he explained the growing demand.

Martel: Customers Are Here To Stay

Moreover, he said he believes the customers are here to stay. Martel explained that even before the pandemic, there was a strong belief that there were more people who could’ve afforded to fly privately but didn’t, and even with the travel rebound, there’s still more room for growth.

It’s not all wealthy individuals buying airplanes, Martel clarified, but he explained that customers were also tapping into charter and on-demand services that have surged in activity because of the pandemic. “It’s been great for us because Bombardier is extremely well positioned with nearly all the fleet operators,” he said.

Bombardier said it delivered 28 aircraft during the second quarter, which generated $1.6 billion in revenue, and it expects to deliver more than 120 for all of 2022—all of which supports Martel’s assertion.

Global 8000 and Challenger 3500

During the quarter, the company also unveiled the Global 8000 at this year’s European Business Aviation Convention and Exhibition (EBACE), which it says will be the fastest, longest-range, purpose-built business jet on the market, with a range of 8,000 nm and a top speed of Mach 0.94, or about 627 knots. 

The Challenger 3500 builds on the popular Challenger 300 series aircraft, of which the company has delivered roughly 900 units in the past 20 years. The new model will carry a list price of $26.7 million. [Courtesy: Bombardier]

Bombardier hopes to enter the Global 8000 into service by 2025. 

Customers looking for something more immediate might opt for Bombardier’s new Challenger 3500 super-midsize jet that will begin deliveries nearing the end of the third quarter.

The post Bombardier: Airport Delays Are Speeding Up Shift to Bizjet Travel appeared first on FLYING Magazine.

]]>
https://www.flyingmag.com/bombardier-airport-delays-are-speeding-up-shift-to-bizjet-travel/feed/ 2
Bombardier Unveils the Challenger 3500 https://www.flyingmag.com/bombardier-unveils-challenger-3500/ Wed, 15 Sep 2021 14:48:16 +0000 http://159.65.238.119/bombardier-unveils-challenger-3500/ The post Bombardier Unveils the Challenger 3500 appeared first on FLYING Magazine.

]]>

Bombardier unveiled its Challenger 3500, a new super midsize jet that’s projected to enter service in the second half of 2022.

“We simply couldn’t contain our excitement ahead of the [National Business Aviation Association] event in Las Vegas,” said Bombardier President and CEO Éric Martel in a livestream debuting the new platform on Tuesday.

The Challenger 3500 builds on the popular Challenger 300 series aircraft, of which the company has delivered roughly 900 units in the past 20 years. The new model will carry a list price of $26.7 million.

The new 3500 takes several key technologies from the Global 7500 and its brethren, including a flight with more “baseline features” than others in the class. The 3500 will come equipped with an autothrottle, plus all capabilities currently found up front in the Challenger 350, according to Martel.

interior of the Challenger 3500
A look at some of the interior of the Challenger 3500. Bombardier

Those features include:

  • Available head-up display (HUD) with enhanced vision system (EVS)
  • Advanced avionics suite with four large displays
  • Dual flight management system with LPV and RNP approach capabilities
  • Synthetic vision system (SVS)
  • MultiScan weather radar
  • Dual inertial reference system (IRS)
  • Dual SBAS/WAAS GPS

In terms of performance, Bombardier expects the 3500 to cover 3,400 nm at Mach 0.77 carrying four passengers and two crew, which equates to readily flown segments between Los Angeles and New York, or London to Dubai. The jet will also come certified for steep approaches, such those at London City, Aspen, and Toluca, Mexico.

Powered by two Honeywell HTF7350 turbofans at 7,323 lbf, the 3500 will make a top speed of Mach 0.83, and carry a maximum of 10 passengers. Projected takeoff distance at sea level, MTOW, is 4,835 ft with a landing distance of 2,364 ft at sea level, ISA conditions.

What’s Inside

Carrying over from the 7500, as well: the Nuage seat, which features a different architecture from previous passenger seats in the class. The seat made its debut on the 7500, then went to the 5500 and 6500 before moving to the 3500. According to Martel, it’s the first time a seat of this caliber is available in the super midsize segment.

Adding to everyone’s comfort on board, the 3500 will maintain a cabin altitude of 4,850 ft at FL 410, an improvement of 31 percent over previous metrics.

Also found in the “intelligent cabin,” Martel outlined:

  • A “reimagined” lighting plan
  • Soft-close drawers, with crystal and wine storage
  • The first voice-controlled cabin for temperature, lighting, and entertainment
  • 24-inch 4K displays
  • Wireless charging in the cabin
  • Responsibly sourced fabrics and coverings
  • Quick air replacement within the cabin
galley
The galley of the Bombardier 3500 Bombardier

Martel said the company took cues from owners and pilots in the development of the 3500. “Pilots who love to fly it—and corporate flight departments who can rely upon it,” he said, referring to the projected dispatch reliability of 99.8 percent. “We’ve reorganized our company around business aviation,” he continued, and the newly structured Bombardier has put its focus on the super midsize segment with sustainability in mind.

Martel indicated the 3500 would be “the most sustainably designed in its class.” He bases that upon its Environmental Product Declaration, which is the first among super midsize jets. The 7500 was the first business jet to obtain that declaration, and Bombardier is now committed to obtaining this designation for all of its aircraft moving forward.

Bombardier’s new models will be assembled in facilities driven by hydroelectric power. Plus, the company plans a “carbon-neutral test flight program” using sustainable aviation fuel and carbon offsets.

Bombardier aims for the 3500 to have the lowest direct operating cost (DOC) in its class, projecting that operators will save nearly $150,000 across five years. Part of this expectation is based on the implementation of the SmartLink Plus health monitoring system for operators to connect with the aircraft while flying to keep tabs on the aircraft’s parameters.

Coming Attractions

Les Goldberg, the 3500′s launch customer and founder of Entertainment Technology Partners, is making the jet his fifth aircraft.

“I can’t wait to fly the new bird next year,” he said.

A mockup of the aircraft will be on display at NBAA-BACE in Las Vegas in October.

The post Bombardier Unveils the Challenger 3500 appeared first on FLYING Magazine.

]]>