BOMBARDIER Q3 RESULTS DISAPPOINT

Bombardier’s third-quarter earnings fell 15% due to low aircraft order during the economic downturn. Although its train business showed good gains, its aerospace division ran into difficulties this year. The manufacturer received 23 net orders, up from seven a year earlier, while deliveries fell to 53 from 61. Of these deliveries, 33 were business aircraft, 19 were commercial and one was amphibious. Aerospace revenue fell 14% to $1.8 billion. Although Boeing and Airbus are seeing a marked improvement in aircraft orders, but for the smaller manufacturers such as Bombardier and Embraer the rebound has been much slower. Bombardier’s net income