Aviation

Revenue, net income down in first quarter at Bombardier

Bombardier, which operates a Learjet plant in Wichita, recorded first quarter revenue of $3.5 billion, down from $4.7 billion a year ago on lower deliveries of commercial aircraft.

The company missed analysts expectations for the quarter with net income of $190 million, compared to $220 million for the quarter.

It delivered 37 planes in the quarter, compared to 61 a year ago. At the same time it received 68 net order, including 40 for business aircraft.

That included a firm order for five Global 6000 jets from AvWest of Australia.

Bombardier’s aerospace division recorded first quarter revenue of $1.5 billion, compared to $2.2 billion a year ago.

The division’s backlog rose from $22 billion on Dec. 31 to $23.3 billion on March 31.

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