Bombardier exec: Fleet optimization is for profitability

09/27/2010 | Bloomberg

New, fuel-efficient aircraft are the airline industry's best hope for consistent profits, according to Gary Scott, president of Bombardier's commercial aircraft unit. Scott told an aviation conference on Sunday that airlines are "struggling just to reach 2% of revenue" in earnings, a situation that is "not sustainable." Bombardier's upcoming CSeries jet, which claims 20% less fuel burn than competing models, is one example of the kind of fleet optimization that "will drive airline profitability through cost savings and revenue growth, and help enable new business models," Scott said.

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